Summary
This 8-K filing by Energy Transfer Equity, L.P. (ET) on July 13, 2011, announces a significant development in its proposed acquisition of Southern Union Company (SUG). The primary purpose of the filing is to disclose that ET and SUG have jointly filed an application with the Public Service Commission of the State of Missouri. This filing is a crucial step in seeking regulatory approval for actions necessary to complete ET's acquisition of SUG. Investors should note that this report primarily serves as a notification of a regulatory filing and refers to an attached press release (Exhibit 99.1) for more details. The filing also includes standard forward-looking statement disclaimers and directs investors to a forthcoming joint proxy statement/prospectus for comprehensive information regarding the proposed merger, including risks and details of the transaction. Investors are strongly encouraged to review these future filings for a complete understanding of the acquisition's implications.
Key Highlights
- 1Energy Transfer Equity (ET) and Southern Union Company (SUG) have jointly filed an application with the Public Service Commission of the State of Missouri.
- 2This filing is a regulatory step towards the proposed acquisition of Southern Union Company by Energy Transfer Equity.
- 3The application seeks authorization for specific actions required to facilitate ET's acquisition of SUG.
- 4The filing includes forward-looking statements regarding the anticipated benefits and risks of the proposed transaction.
- 5Investors are advised to consult a forthcoming definitive joint proxy statement/prospectus for detailed information on the merger.
- 6The press release announcing this regulatory filing is attached as Exhibit 99.1 and is incorporated by reference.
- 7Information provided under Item 7.01 is considered 'furnished' and not 'filed' for purposes of Section 18 of the Exchange Act.