Cheniere Energy Inc. (NYSE MKT: LNG) terminated negotiations with the conflicts committee of Cheniere Energy Partners LP Holdings LLC’s board of directors regarding Cheniere’s proposal to acquire all of the publicly held shares of Cheniere Partners Holdings, not already owned, in a stock-for-stock merger transaction.

There were more than six weeks of negotiations, but Cheniere determined that an acceptable definitive agreement could not be reached, according to a Dec. 9 press release.

Cheniere originally offered 0.5049 Cheniere shares for each outstanding Cheniere Partners Holdings share.

Cheniere currently owns 80.1% of the issued and outstanding shares of Cheniere Partners Holdings.