ETRN Wins Shareholder, Limited Partner Approval of Merger.
MANews-(C)2009-2020
Shareholders of US-based midstream energy company Equitrans Midstream Corp. (NYSE: ETRN) have approved the issuance of shares of ETRN's common stock and shares of ETRN's preferred stock in connection with ETRN's proposed merger with and EQM Midstream Partners, LP (NYSE: EQM), the companies said.
More than 99% of the total votes cast at ETRN's special meeting were voted in favor of approving the ETRN stock issuance.
In addition, at a special meeting, EQM's limited partners voted to approve the merger agreement in connection with the Merger.
The holders of more than 83% of EQM's outstanding limited partner interests voted in favor of approving the merger agreement, and more than 99% of the total votes cast at the special meeting were voted in favor of approving the merger agreement.
The merger is subject to customary closing conditions and is expected to close on June 17, 2020, at which time EQM's common units will no longer be publicly traded on the New York Stock Exchange.
Equitrans Midstream has an asset footprint in the Appalachian Basin and is one of the largest natural gas gatherers in the United States.
With a 135-year history in the energy industry, ETRN was launched as a standalone company in 2018 and, through its subsidiaries, has an operational focus on gas gathering systems, transmission and storage systems, and water services...
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