Chesapeake Utilities, Florida Public Utilities set Oct. 22 date for shareholder vote on merger

By Lisa Kerner

Charlotte, N.C., Sept. 15 - Chesapeake Utilities Corp. and Florida Public Utilities Co. will ask shareholders to approve a merger of the two companies at separate special meetings on Oct. 22.

The meeting of Chesapeake shareholders will be held at 9 a.m. ET in Wilmington, Del.

Florida shareholders will meet at 11 a.m. ET in West Palm Beach, Fla., according to a 424B3 filing with the Securities and Exchange Commission.

The companies announced in April that they will combine in an all-stock transaction valued at approximately $74 million.

Florida shareholders will receive 0.405 shares of Chesapeake common stock for each share of Florida they hold.

As previously reported, the merger has received all required public service commission regulatory approvals.

Chesapeake Utilities is a Dover, Del.-based diversified utility company.

Florida Public Utilities distributes natural gas, propane and electricity to residential, commercial and industrial customers in Florida. The company is based in West Palm Beach, Fla.

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