As per the terms of the agreement, AROC has agreed to offer 1.4 AROC's shares for each common unit of Archrock Partners, which it is acquiring. The transaction represents a 23.4% premium of the closing price of Archrock Partners' common unit on December 29, 2017. AROC is acquiring approximately 41.3 million outstanding common units of Archrock Partners as per this rate. Following the close of the transaction, the common units of Archrock Partners will cease to be traded publicly. AROC plans to issue approximately 57.8 million of its shares to complete the transaction. These shares represent approximately 44.9% of the total shares of the merged entity. As a result of this transaction, the payment of the incentive distribution rights in Archrock Partners will be discontinued on completion of the deal.