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Article: TEPPCO Unitholders Approve Merger with Enterprise.
- Article from:
- Mergers & Acquisitions Week
- Article date:
- November 11, 2009
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TEPPCO Partners, L.P. (NYSE:TPP) and Enterprise Products Partners L.P. (NYSE:EPD) announced that the TEPPCO unitholders have approved the merger of TEPPCO and Enterprise, which will create the nation's largest publicly traded energy partnership with an enterprise value of approximately $30 billion. Approximately 97 percent of the TEPPCO units that voted were cast in favor of the merger and represented about 71 percent of TEPPCO's total outstanding units. In addition, approximately 96 percent of the votes cast by Unaffiliated TEPPCO Unitholders approved the merger of the two partnerships. Under the terms of the merger agreement, TEPPCO unitholders will receive 1.24 ...
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Article: Enterprise and TEPPCO Complete Merger; Announce Results of ...
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700+ words
... ... completed. The merger agreement was previously approved by TEPPCO unitholders at a special meeting held October 23, 2009 in Houston ... transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf ...
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