SemGroup Shareholders Approve Merger Transaction with Energy Transfer

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TULSA, Okla., Dec. 04, 2019 (GLOBE NEWSWIRE) -- SemGroup Corporation (NYSE: SEMG) today announced its shareholders voted to approve the previously announced merger agreement whereby SemGroup will be acquired by Energy Transfer LP (NYSE: ET) (“ET” or “Energy Transfer”) in a unit and cash transaction. 

At completion of the merger, SemGroup shareholders will receive $6.80 per share in cash and 0.7275 of an ET common unit for each SemGroup share, or approximately 40% cash and 60% equity.

The merger was announced on September 16, 2019 and the final voting results will be disclosed in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission.

The transaction is expected to close December 5, 2019. 

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Globe Newswire: 21:05 GMT Wednesday 4th December 2019

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