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Eagle Rock Energy Partners, L.P. Closes Buyout Of Its General Partner Entities From Eagle Rock Holdings, L.P. - Quick Facts
July 30, 2010, Friday, 17:20 GMT | 12:20 EST | 21:50 IST | 00:20 SGT
(RTTNews) - Eagle Rock Energy Partners, L.P. (EROC) Friday said it closed the previously-announced acquisition of its general partner entities from Eagle Rock Holdings, L.P. As consideration for the GP acquisition, Eagle Rock issued 1 million common units to ERH and cancelled the 844,551 general partner units outstanding.
In connection with the completion of the GP acquisition, the size of Eagle Rock's board of directors was expanded from seven to nine directors. To fill the new vacancies, the Board approved and ratified the Conflicts Committee's appointment of Peggy Heeg and Herbert Williamson, to the Board effective July 30, 2010. Heeg is a member of the Executive Committee of Fulbright & Jaworski L.L.P., an international law firm.
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