Hiland unitholders to vote on going-private transactions Oct. 20

By Lisa Kerner

Charlotte, N.C., Sept. 10 - Hiland Partners, LP and Hiland Holdings GP, LP unitholders will be asked to approve separate going-private transactions with affiliates of Harold Hamm at special meetings on Oct. 20.

The record date for both meetings is Sept. 9, a Hiland news release said.

Hiland Partners unitholders will meet at 10 a.m. ET, and Hiland Holdings unitholders will meet at 11:30 a.m. in Enid, Okla.

On June 1 the Hiland companies signed separate agreements to be acquired and taken private for $7.75 in cash per Hiland Partners common unit and $2.40 in cash per Hiland Holdings common unit.

Each merger is conditioned upon completion of the other Hiland company merger, the release said.

The Hart-Scott-Rodino waiting period for both transactions expired in July.

Hamm will finance the transactions. He is the chairman of the general partners of Hiland Partners and Hiland Holdings, which are Hiland Partners GP, LLC and Hiland Partners GP Holdings, LLC, respectively.

Based in Enid, Okla., the Hiland companies provide natural gas gathering and processing services as well as air compression and water injection services for oil and gas secondary recovery operations.

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