Unitholders approve CPG and CPPL merger
Published by Anna Nicklin,
Assistant Editor
World Pipelines,
Columbia Pipeline Group, Inc. (CPG) and Columbia Pipeline Partners LP (CPPL) have announced that at the reconvened special meeting of CPPL common unitholders, CPPL unitholders voted to approve the previously announced merger of CPPL and a wholly owned subsidiary of CPG, pursuant to the agreement and plan of merger dated 1 November 2016.
Approximately 97.7% of the CPPL common units represented in person or by proxy at the special meeting for the merger voted in favour its approval.
Pursuant to the merger agreement, CPG will acquire all of CPPL's outstanding common units that CPG or its subsidiaries do not already own.
CPG and CPPL also announced that all conditions required to complete the merger under the terms of the agreement have been satisfied and all of the necessary filings have been made for the transaction to take effect today, 17 February.
Read the article online at: https://www.worldpipelines.com/business-news/17022017/unitholders-approve-cpg-and-cppl-merger/
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