Crestwood Unitholders OK Plans For $8B Inergy Tie-Up

Law360, New York (October 4, 2013, 6:40 PM EDT) -- The unitholders of Houston-based Crestwood Midstream Partners LP on Friday overwhelmingly voted to approve the firm's proposed merger with a Inergy Midstream LP unit, clearing the way for a merger-of-equals that will spawn a fully integrated midstream company worth about $8 billion.

Almost 100 percent of the shareholders eligible to vote, representing about 81 percent of Crestwood's outstanding units, threw their weight behind the tie-up proposal. With all approvals in place, the companies said they expect to button up the deal on Monday.

The transaction, announced...
To view the full article, register now.