Shareholders sign off on Inergy parent-company merger

11/3/2010 | American City Business Journals

A shareholder meeting has given a ringing endorsement to Inergy's plan to merge Inergy Holdings LP with Inergy LP, forming one corporate entity to handle the propane retailer's business. At Tuesday's special meeting, 99% of votes cast were to approve the merger, which is intended to streamline corporate structure and enable acquisitions. "Unitholder approval is an important step for our partnership and further validates the merits of this strategic transaction," said Inergy Chairman and CEO John Sherman.

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American City Business Journals