FONT-SIZE Plus   Neg

El Paso Plans To Adjourn Special Meeting Of Stockholders Scheduled On March 6

El Paso Corp. (EP) said it intends to adjourn the special meeting of its stockholders scheduled for 9:00 a.m. local time on March 6, 2012 without conducting any business, and to reconvene the special meeting at 9:00 a.m., local time on March 9, 2012. The location of such reconvened special meeting will be at the Hyatt Regency Houston, 1200 Louisiana Street, Houston, TX 77002, the same location as the special meeting scheduled for March 6, 2012.

The company noted that the record date for stockholders entitled to vote at the special meeting remains January 20, 2012. El Paso intends to adjourn the meeting in order to provide stockholders of El Paso with additional time to consider the February 29th Delaware Chancery Court Opinion in In re El Paso Corp. Shareholder Litigation.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
AT&T announced a definitive agreement to purchase Time Warner in a stock-and-cash transaction valued at $107.50 per share. This purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt. AT&T expects the deal to close before year-end 2017. Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator.
comments powered by Disqus
Follow RTT