Cap Rock Energy Corporation Announces Results of Special Shareholders Meeting
2006年3月14日 - 4:15AM
PRニュース・ワイアー (英語)
MIDLAND, Texas, March 13 /PRNewswire-FirstCall/ -- Cap Rock Energy
Corporation (AMEX:RKE) held a special shareholders meeting on March
10, 2006, at its Stanton Division Office in Stanton, Texas. The
purpose of the special meeting was to vote on the proposed
acquisition of the Company by Cap Rock Holding Corporation, an
affiliate of Lindsay Goldberg & Bessemer L.P. On November 4,
2005, Cap Rock Energy entered into an agreement and plan of share
exchange with Cap Rock Holding Corporation. Subject to the terms
and conditions set forth in the agreement, Cap Rock Holding
Corporation will acquire all the outstanding shares of Cap Rock
Energy common stock for $21.75 per share. Shareholders voted to
approve the agreement and plan of share exchange, by a vote of
69.094% of all outstanding shares of the Company. Approximately 96%
of all shares voting approved the transaction. Approval by
regulatory authorities is necessary before the transaction can be
consummated. "My management team and I are delighted that this
transaction has been so well received by our shareholders," stated
William West, President of Cap Rock Energy Corporation. "This
transaction is good for our customers, our employees and the
communities we live in and serve, and it delivers a substantial
premium to our shareholders. We look forward to closing this
transaction in the very near future." Cap Rock Energy supplies
electricity to over 35,000 meters in counties throughout Texas. Its
corporate office is located in Midland, Texas with service
divisions in Stanton, Colorado City, Brady and Celeste. It also
manages a municipal electric system in the City of Farmersville.
Any statements made in this release that are not historical facts
are forward-looking statements intended to be covered by the safe
harbor provisions of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Because
forward-looking statements involve risks and uncertainties, actual
results may differ materially from current results expected by the
Company. The Company is providing this information as of March 10,
2006, and expressly disclaims any duty to update any forward-
looking statements in this release, whether as a result of new
information or future events. DATASOURCE: Cap Rock Energy
Corporation CONTACT: Ronnie Lyon, VP-General Counsel of Cap Rock
Energy Corporation, +1-903-813-0377, or
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