On August 28, 2019, Blackstone Infrastructure Advisors L.L.C., on behalf of Blackstone Infrastructure Partners, its partners and respective affiliates (collectively, the ‘sponsors’), submitted a proposal to the conflicts committee of the Board of Directors of Tallgrass Energy, LP, the general partner of the Company, to acquire all of the Company’s outstanding class A shares not already owned by the sponsors in exchange for $19.50 in cash per class A Share. Blackstone Infrastructure stated that the proposal is subject to the negotiation of definitive financing commitments on acceptable terms, the satisfactory negotiation and execution of definitive agreements and the approval of such agreements and the transactions contemplated thereunder by the sponsors’ respective investment committees or board of directors, the Company’s Board of Directors, the conflicts committee and the shareholders of the Company. In addition, Blackstone Infrastructure stated that if the transaction is consummated, the Company’s class A shares would become delisted from the New York Stock Exchange.