Peoples Energy Declares Special Pro Rata Dividend in Preparation for Completing Merger with WPS Resources
2007年1月27日 - 12:29AM
ビジネスワイヤ(英語)
In preparation for the potential closing of the merger of Peoples
Energy Corporation (NSYE:PGL) with WPS Resources Corporation prior
to the next Peoples Energy common stock dividend record date, and
in accordance with the merger agreement, the Board of Directors of
Peoples Energy today declared a special pro rata dividend to ensure
that its shareholders continue to receive their dividend at the
current rate until the closing of the merger. The board declared a
pro rata dividend of $0.00605556 per share per day that will accrue
from December 1, 2006, being the date immediately following the
prior WPS Resources record date, until and including the day prior
to effective date of the merger. This pro rata dividend, which is
the daily equivalent of the current quarterly dividend rate of
$0.545 per share, will be paid to Peoples Energy shareholders of
record at the close of business on the day immediately prior to the
effective date of the merger. The effective date of the merger is
not currently known, but is expected to occur in the first quarter
of 2007. The dividend will be paid as soon as practical following
the completion of the merger. The pro rata dividend declaration is
contingent on the completion of the merger prior to the next
regularly scheduled dividend record date for Peoples Energy, which
is March 22, 2007. Therefore, the pro rata dividend is contingent
on the merger being completed on or before March 21, 2007. In the
event that the merger has not closed by that date, Peoples Energy
shareholders of record on March 22, 2007 will receive the regular
quarterly dividend of $0.545 per share, payable on April 13, 2007,
and a new pro rata dividend will be declared to ensure that
shareholders receive their dividend at the current rate until the
merger is completed. As previously announced, it is intended that
the quarterly dividend of the combined company (which will be
called Integrys Energy Group, Inc.) will be $0.66 per share, which
after taking into consideration the 0.825 exchange ratio of Peoples
Energy stock for Integrys stock, will effectively continue the
dividend at the current level for Peoples Energy shareholders. The
Integrys dividend policy will be evaluated over time as future
business needs dictate. Peoples Energy, a member of the S&P
500, is a diversified energy company consisting of three primary
business segments: Gas Distribution, Oil and Gas Production, and
Energy Marketing. The Gas Distribution business serves about 1
million utility customers in Chicago and northeastern Illinois.
Visit the Peoples Energy web site at www.PeoplesEnergy.com.
Peoples Energy (NYSE:PGL)
過去 株価チャート
から 11 2024 まで 12 2024
Peoples Energy (NYSE:PGL)
過去 株価チャート
から 12 2023 まで 12 2024
Real-Time news about Peoples Energy Corp (ニューヨーク証券取引所): 0 recent articles
その他のPeoples Energy Corporationニュース記事