Market Overview

Southern Union Company Shareholders Approve Merger with Energy Transfer Equity

Southern Union Company (NYSE: SUG) announced that its shareholders overwhelmingly approved, at a special meeting held this morning, the proposed merger with Energy Transfer Equity, L.P. (NYSE: ETE).

Approval of the merger proposal required the affirmative vote of the majority of the shareholders entitled to vote. Approximately 80 percent of the outstanding shares of Southern Union common stock as of the record date were voted at the special meeting. Of the shares that were voted, approximately 98 percent voted in favor of the merger.

Posted-In: News M&A

 

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