BRIEF: Voting extended on Hiland merger

Wed. October 21, 2009; Posted: 10:33 AM

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ENID, Oct 21, 2009 (The Oklahoman - McClatchy-Tribune Information Services via COMTEX) -- HLND | Quote | Chart | News | PowerRating -- Shareholders in the Hiland companies have another week to vote on a proposed merger.

Two special meetings -- one for Hiland Partners LP, another for Hiland Holdings GP LP -- were postponed Tuesday because fewer than half the companies' shareholders had responded to a call for proxies, officials said.

The meetings were rescheduled to Tuesday to allow more shareholders to cast their proxy votes.

Oilman Harold Hamm reached a merger agreement with the Hiland companies in June to have his affiliates pay cash for all outstanding shares.

In the mergers, Hiland Partners shareholders will receive $7.75 in cash per share. Hiland Holdings shareholders will receive $2.40 in cash per share.

A majority of shareholders must approve the mergers by Nov. 1, but only 43 percent had returned ballots, officials said. Shareholders who have not voted are asked to call D.F. King, (800) 967-4612.

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