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March 20, 2014
13:23 EDTRGP, PVRPVR Partners holders approve merger with Regency Energy Partners
PVR Partners, L.P. (PVR) announced that at a special meeting of unitholders held earlier, its unitholders voted to adopt the Agreement and Plan of Merger dated as of October 9, 2013 by and among PVR, Regency Energy Partners (RGP) and their respective general partners, pursuant to which PVR will merge with and into Regency. Based on the results, 99.3% of the units voted at the special meeting voted in favor of adoption of the Merger Agreement. The votes in favor of the Merger Agreement constituted more than a majority of PVR's units outstanding as of the record date, as required for adoption of the Merger Agreement. As previously announced on October 10, 2013, in accordance with the Merger Agreement, Regency agreed to acquire PVR in a unit-for-unit transaction. Holders of PVR common units will receive 1.020 common units of Regency per PVR common unit, plus a one-time cash payment of $0.262 per PVR common unit. Subject to the satisfaction of previously disclosed closing conditions, the companies expect to close the merger on March 21.
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