Laclede, Energy Transfer confirm early termination of HSR review period

theflyonthewall.com

The Laclede Group (LG) and Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP) announced the early termination on January 22 of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in connection with previously announced transactions. The transactions include purchase and sale agreements under which two wholly owned subsidiaries of Laclede Group will acquire the assets of Missouri Gas Energy and New England Gas Company from Southern Union Company, a jointly owned affiliate of ETE and ETP. The early termination of the HSR review period satisfies a significant regulatory condition to the consummation of the acquisitions, the companies said. The acquisitions of the LDCs are expected to be closed before the end of the third quarter of calendar 2013, subject to the receipt of certain other regulatory approvals.

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