SemGroup Corporation Announces Stockholder Approval of Acquisition of Rose Rock Midstream, L.P.
2016年9月29日 - 10:16PM
SemGroup® Corporation (NYSE:SEMG) announced that its stockholders
approved at a special meeting of stockholders today the issuance of
SemGroup common stock pursuant to the previously announced
agreement providing for SemGroup’s acquisition of all of the
outstanding common units of Rose Rock Midstream®, L.P. (NYSE:RRMS)
not already owned by the company in an all stock-for-unit
transaction.
More than 99 percent of the shares of SemGroup’s common stock
that were voted approved the share issuance. Subject to customary
approvals and conditions, the transaction is expected to close on
Sept. 30, 2016.
About SemGroup Based in Tulsa, Okla., SemGroup®
Corporation (NYSE:SEMG) is a publicly traded midstream service
company providing the energy industry the means to move products
from the wellhead to the wholesale marketplace. SemGroup provides
diversified services for end-users and consumers of crude oil,
natural gas, natural gas liquids, refined products and asphalt.
Services include purchasing, selling, processing, transporting,
terminalling and storing energy.
SemGroup uses its Investor Relations website and social media
outlets as channels of distribution of material company
information. Such information is routinely posted and accessible on
our Investor Relations website at ir.semgroupcorp.com, our Twitter
account and LinkedIn account.
Forward-Looking StatementsAll statements, other
than statements of historical fact, included in this press release
including the prospects of our industry, our anticipated financial
performance, our anticipated annual dividend growth rate,
management's plans and objectives for future operations, planned
capital expenditures, business prospects, outcome of regulatory
proceedings, market conditions and other matters, may constitute
forward-looking statements. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable, we cannot assure you that these expectations will prove
to be correct. These forward-looking statements are subject to
certain known and unknown risks and uncertainties, as well as
assumptions that could cause actual results to differ materially
from those reflected in these forward-looking statements. Factors
that might cause actual results to differ include, but are not
limited to, the closing, expected timing, and benefits of the
proposed transaction pursuant to which we will acquire all of the
outstanding common units of our subsidiary, Rose Rock Midstream,
L.P. (“Rose Rock”), not already owned by us; our ability to
generate sufficient cash flow from operations to enable us to pay
our debt obligations and our current and expected dividends or to
fund our other liquidity needs; the ability of Rose Rock to
generate sufficient cash flow from operations to provide the level
of cash distributions we expect; any sustained reduction in demand
for, or supply of, the petroleum products we gather, transport,
process, market and store; the effect of our debt level on our
future financial and operating flexibility, including our ability
to obtain additional capital on terms that are favorable to us; our
ability to access the debt and equity markets, which will depend on
general market conditions and the credit ratings for our debt
obligations and equity; the loss of, or a material nonpayment or
nonperformance by, any of our key customers; the amount of cash
distributions, capital requirements and performance of our
investments and joint ventures; the amount of collateral required
to be posted from time to time in our purchase, sale or derivative
transactions; the impact of operational and developmental hazards
and unforeseen interruptions; our ability to obtain new sources of
supply of petroleum products; competition from other midstream
energy companies; our ability to comply with the covenants
contained in our credit agreements and the indentures governing our
senior notes, including requirements under our credit agreements to
maintain certain financial ratios; our ability to renew or replace
expiring storage, transportation and related contracts; the overall
forward markets for crude oil, natural gas and natural gas liquids;
the possibility that the construction or acquisition of new assets
may not result in the corresponding anticipated revenue increases;
changes in currency exchange rates; weather and other natural
phenomena, including climate conditions; a cyber attack involving
our information systems and related infrastructure, or that of our
business associates; the risks and uncertainties of doing business
outside of the U.S., including political and economic instability
and changes in local governmental laws, regulations and policies;
costs of, or changes in, laws and regulations and our failure to
comply with new or existing laws or regulations, particularly with
regard to taxes, safety and protection of the environment; the
possibility that our hedging activities may result in losses or may
have a negative impact on our financial results; general economic,
market and business conditions; as well as other risk factors
discussed from time to time in each of our documents and reports
filed with the SEC.
Readers are cautioned not to place undue reliance on any
forward-looking statements contained in this press release, which
reflect management's opinions only as of the date hereof. Except as
required by law, we undertake no obligation to revise or publicly
release the results of any revision to any forward-looking
statements.
Contacts:
Investor Relations:
Alisa Perkins
918-524-8081
investor.relations@semgroupcorp.com
Media:
Kiley Roberson
918-524-8594
kroberson@semgroupcorp.com
Rose Rock Midstream, L.P. Common Units Representing Limited Partner Interests (NYSE:RRMS)
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