Missouri Public Service Commission Approves Southern Union/Energy Transfer Merger
Southern Union Company (NYSE: SUG) and Energy Transfer Equity, L.P. (NYSE: ETE) announced today that the Missouri Public Service Commission has issued an order finding that, subject to the conditions set forth in the previously filed Non-Unanimous Stipulation and Agreement, the merger of Sigma Acquisition Corporation, a wholly-owned subsidiary of ETE, with and into Southern Union is not detrimental to the public interest, and authorizing the undertaking of such merger and related transactions.
Southern Union will survive the merger as a wholly-owned subsidiary of ETE.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.