Chesapeake Utilities Corporation and Florida Public Utilities Company Shareholders Approve Merger
22 Octubre 2009 - 3:03PM
Marketwired
Chesapeake Utilities Corporation (NYSE: CPK) and Florida Public
Utilities Company (NYSE Amex: FPU) announced that their
shareholders approved the proposed merger of the companies at
separate meetings held today. Under the merger agreement previously
announced and approved today, each common share of Florida Public
Utilities will be converted into 0.405 shares of Chesapeake common
stock upon closing of the merger. The parties intend to proceed to
close the transaction.
About Chesapeake Utilities Corporation (www.chpk.com)
Incorporated in 1947, Chesapeake is a diversified utility
company engaged in natural gas distribution, transmission and
marketing, propane distribution and wholesale marketing, advanced
information services and other related businesses. In total,
Chesapeake currently serves approximately 100,000 distribution
customers with either natural gas or propane gas. Chesapeake
employs 448 people and posted $291.4 million in revenue for
2008.
About Florida Public Utilities (www.fpuc.com)
Founded in 1924, Florida Public Utilities distributes natural
gas, propane and electricity to residential, commercial and
industrial customers in Florida. Florida Public Utilities is
organized into two regulated business segments -- natural gas and
electric; and one non-regulated business segment -- propane gas.
Florida Public Utilities also sells merchandise and other
service-related products as a complement to its natural gas and
propane segments. Florida Public Utilities serves approximately
96,000 customers, employs 348 people and posted revenues of $168.5
million for 2008.
Florida Public (AMEX:FPU)
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