SemGroup (SEMG) Stockholders Approval of Acquisition of Rose Rock Midstream (RRMS)
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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.
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