Questar Corporation Shareholders Approve Combination with Dominion Resources
May 12 2016 - 10:39AM
Business Wire
Shareholders of Questar Corporation (NYSE:STR) today voted
overwhelmingly to approve the company's combination with Dominion
Resources (NYSE:D) during a special meeting of shareholders at
Questar's Salt Lake City headquarters. Over 80 percent of the
outstanding shares voted, with 96.6 percent approving the proposed
merger.
Questar and Dominion announced the merger on Feb. 1, 2016. On
Feb. 23, the Federal Trade Commission granted early termination of
the 30-day waiting period under the federal Hart-Scott-Rodino
Antitrust Improvements Act.
The only remaining conditions to the merger are approvals by the
Public Service Commission of Utah and the Wyoming Public Service
Commission. The companies filed for approval with utility
regulators in both states on March 3. Subject to obtaining the
necessary regulatory approvals, Questar and Dominion expect the
transaction to close by the end of 2016.
About Questar Corporation
Questar is a Rockies-based integrated natural gas company,
operating through three principal subsidiaries: Questar Gas
Company provides retail natural gas distribution in Utah,
Wyoming and Idaho; Wexpro Company develops and produces
natural gas from cost-of-service reserves for Questar Gas
customers; and Questar Pipeline Company operates
interstate natural gas pipelines and storage facilities in the
western U.S. and provides other energy services.
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version on businesswire.com: http://www.businesswire.com/news/home/20160512005964/en/
Questar CorporationInvestors: Tony Ivins, (801) 324-5218Media:
Chad Jones, (801) 324-5495
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