In connection with the transaction, ETE and SUG
have filed a proxy statement / prospectus and other documents with the SEC.
Fitch has also considered the significant market value of SUG
's operations and would anticipate that a portion of proceeds from any future third-party asset sale or affiliate dropdown would be used for debt reduction at SUG
In this regard, Sandell continues the process of identifying potential candidates for nomination to the board of SUG
in order to improve the composition and function of this board which we do not feel is acting in the best interest of shareholders.
The Term Loan will be secured by a first-priority interest in all tangible and intangible assets of ETE, including the limited partner and general partner ownership interests in ETP and Regency Energy Partners LP (RGNC) and its interests in SUG
is primarily a regulated gas distribution company serving approximately 1.
can be expected to continue its acquisition strategy of lower-risk regulated gas distribution companies that would provide further diversification benefits and opportunities to lower costs.
Investors and security holders may obtain a free copy of the definitive proxy statement/prospectus and other documents filed by ETE and SUG
with the SEC at the SEC's website, www.
can be expected to continue its acquisition strategy of regulated gas distribution companies that would provide further diversification benefits and opportunities to lower costs.
is a regulated gas distribution company serving more than 1 million customers across Texas, Missouri and Florida including the cities of Austin, Texas, El Paso, Texas and Kansas City, Mo.
is primarily a local distribution company serving 1.
Consistent with company policy, Southern Union Company (NYSE: SUG
) distributed its annual five percent stock dividend on SUG
common stock on Nov.
As previously announced, in connection with ETE's acquisition of SUG
will cause the contribution of its 50% interest in Citrus Corp.