Columbia Pipeline Partners LP (NYSE:CPPL) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07. Submission of Matters to a Vote of Security Holders.
On February16, 2017, Columbia Pipeline Partners LP, a Delaware
limited partnership (CPPL), reconvened its special meeting of
unitholders, which was originally scheduled for February7, 2017
and adjourned to February16, 2017 (the Special Meeting), to vote
on the proposal identified in the definitive proxy statement
dated January3, 2017, which was first mailed to CPPL unitholders
on or about January5, 2017.
As of the close of business on January4, 2017, the record date
for the Special Meeting, there were 53,843,466 CPPL common units
outstanding and entitled to vote at the Special Meeting. A quorum
of 32,967,645 common units was represented in person or by proxy
at the Special Meeting. A summary of the voting results for the
following proposal, which is described in detail in the
definitive proxy statement, is set forth below:
| 1. |
Proposal to approve the Agreement and Plan of Merger, dated as of November1, 2016, by and among Columbia Pipeline Group, Inc. (CPG), Pony Merger Sub LLC, Columbia Pipeline Partners LP and CPP GP LLC, and the transactions contemplated thereby, including the merger (the Merger Proposal).The Merger Proposal received the affirmative vote of approximately 97.66% of the outstanding common units represented at the Special Meeting in person or by proxy. |
| Votes For | VotesAgainst | VotesAbstained | BrokerNon-Votes | |||
| 32,196,452 | 356,521 | 387,503 |
In addition, the Merger Proposal was also approved by holders of
a majority of CPPLs outstanding common units as of January4, 2017
other than CPG and its affiliates.
No other business properly came before the Special Meeting.
Item8.01. Other Events.
On February16, 2017, CPPL and CPG jointly issued a press release
announcing the results of the unitholder vote at the Special
Meeting. A copy of the press release is attached as Exhibit 99.1
to this Current Report on Form 8-K and is incorporated herein by
reference.
Item9.01. Financial Statements and Exhibits.
| (d) | Exhibits |
| Exhibit Number |
Description |
|
| 99.1 |
Press Release, dated February 16, 2017, issued by Columbia Pipeline Group, Inc. and Columbia Pipeline Partners LP |
2
About Columbia Pipeline Partners LP (NYSE:CPPL)
Columbia Pipeline Partners LP (the Partnership) is a limited partnership company operating a portfolio of pipelines, storage and related midstream assets. It is engaged in interstate gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in northeastern, mid-Atlantic, Midwestern and southern states, and the District of Columbia along with unregulated businesses that include midstream services, including gathering, treating, conditioning, processing, compression and liquids handling, and development of mineral rights positions. The Company owns, operates and develops a portfolio of pipelines, storage and related midstream assets. The Company has a general partner interest in CPG OpCo LP (Columbia OpCo), as well as a limited partner interest in Columbia OpCo, a limited partnership that owns the natural gas transmission and storage assets of Columbia Energy Group (CEG). Columbia Pipeline Partners LP (NYSE:CPPL) Recent Trading Information
Columbia Pipeline Partners LP (NYSE:CPPL) closed its last trading session up +0.35 at 17.15 with 4,927,164 shares trading hands.