Southern Union pipeline merger passes anti-trust review period

Source: Energy Transfer Equity

Energy Transfer Equity, L.P. (NYSE:ETE) and Southern Union Company (NYSE:SUG) reported that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) has expired in connection with the previously announced amended and restated merger agreement under which ETE will acquire SUG for cash or ETE common units at the election of SUG stockholders (subject to proration). 

The expiration of the HSR review period satisfies a significant regulatory condition to the consummation of the proposed merger. 

The merger is expected to be consummated in the first quarter of 2012, subject to the receipt of SUG stockholder approvals and certain other regulatory approvals.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs