Markwest Hydrocarbon Inc (Other) (425)
13 Novembre 2007 - 9:25PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO
SECTION 13 OR 15(d) OF
THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
November 13, 2007
MARKWEST
ENERGY PARTNERS, L.P.
(Exact
name of registrant as specified in its charter)
Delaware
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001-31239
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27-0005456
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(State or other jurisdiction of incorporation or
organization)
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(Commission File Number)
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(I.R.S. Employer
Identification Number)
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1515 Arapahoe Street, Tower 2,
Suite 700, Denver CO 80202
(Address of principal executive offices)
Registrants telephone
number, including area code:
303-925-9200
Not Applicable.
(Former
name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2.
below):
x
Written Communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-Commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
o
Pre-Commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Amended Class B Membership Interest
Contribution Agreement
On September 5, 2007, MarkWest Energy
Partners, L.P. (the Partnership) previously announced that it had entered
into an Agreement and Plan of Redemption and Merger (the Merger Agreement) by
and among the Partnership, MarkWest Hydrocarbon, Inc. and MWEP, L.L.C.,
pursuant to which MarkWest Hydrocarbon will be merged into the Partnership. In
the transaction, the incentive distribution rights in the Partnership will be
extinguished and MarkWest Hydrocarbon will become a direct, wholly-owned
subsidiary of the Partnership. Additionally, upon closing of the transactions
contemplated by the Merger Agreement, the Partnership would separately acquire
minority interests in the general partner (the General Partner) of MarkWest
Energy Partners held by current and past key management employees. Accordingly, the Partnership previously entered
into a Class B Membership Interest Contribution Agreement (the Original
Agreement) with certain sellers named therein, pursuant to which the sellers
agreed to contribute to the Partnership their Class B Membership Interests
in the General Partner in exchange for cash and common units in the
Partnership.
On October 26,
2007, the Partnership entered into an Amended and Restated Class B Membership
Interest Contribution Agreement (the Amended Contribution Agreement). This Amended Contribution Agreement added and
was entered into by the remaining Class B member who was not a party to the
Original Agreement (pursuant to Section 8.2 of the Original Agreement). As of October 26, 2007, all Class B members
executed the Amended Contribution Agreement and as Sellers thereunder, agreed,
upon closing of the transactions contemplated by the Merger Agreement, to
contribute to the Partnership their Class B Membership Interests in the General
Partner in exchange for cash and common units in the Partnership.
Effective November 13, 2007, the Partnership
and the Sellers consented to a correction to Schedule 2.1 of the Amended and
Restated Class B Membership Interest Contribution Agreement (the Amended
Contribution Agreement) to correct certain immaterial mathematical errors on
the individual consideration amounts included in Schedule 2.1 of the Amended
Contribution Agreement. This corrected
Schedule 2.1 to the Amended Contribution Agreement does not change the total
Aggregated Value of Consideration to be received by all Sellers, nor does it
change the combined total of common units and cash to be received by all
Sellers, in return for the contribution of the Class B Membership
Interests. However, the corrected
Schedule 2.1 to the Amended Contribution Agreement does make immaterial
corrections to the individual allocated totals of cash and common units to be
received by the Sellers, and corrections to the total of aggregate
consideration to be received by each Seller.
The corrected Schedule 2.1 to the Amended
Contribution Agreement, as part of the full Amended Contribution Agreement is filed
as Exhibit 10.1, hereto and is incorporated into this report by reference.
Cautionary Statements
This document shall not
constitute an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any jurisdiction in
which such offer, solicitation, or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. No offering
of securities shall be made except by means of a prospectus meeting the
requirements of the Securities Act of 1933, as amended.
2
MarkWest Energy Partners and
MarkWest Hydrocarbon will file a joint proxy statement/prospectus and other
documents with the Securities and Exchange Commission (the SEC) in relation
to the merger transaction announced on September 5, 2007. Investors and security holders are urged to
read these documents carefully when they become available because they will
contain important information regarding MarkWest Energy Partners, MarkWest
Hydrocarbon, and the transaction. A definitive joint proxy statement/prospectus
will be sent to security holders of MarkWest Energy Partners and MarkWest
Hydrocarbon seeking their approval of the transactions contemplated by the
redemption and merger agreement. Investors and security holders may obtain a
free copy of the joint proxy statement/prospectus (when it is available) and
other documents containing information about MarkWest Energy Partners and
MarkWest Hydrocarbon, without charge, at the SECs website at www.sec.gov.
Copies of the joint proxy statement/prospectus and the SEC filings that will be
incorporated by reference in the joint proxy statement/prospectus may also be
obtained free of charge by directing a request to the entities investor
relations department at 866-858-0482, or by accessing their website at
www.markwest.com.
MarkWest Energy Partners,
MarkWest Hydrocarbon, the officers and directors of the general partner of
MarkWest Energy Partners, and the officers and directors of MarkWest
Hydrocarbon may be deemed to be participants in the solicitation of proxies
from their security holders. Information about these persons can be found in
the Annual Report on Form 10-K, as amended, for each of MarkWest Energy
Partners and MarkWest Hydrocarbon, as filed with the SEC, and additional
information about such persons may be obtained from the joint proxy
statement/prospectus when it becomes available.
ITEM
9.01. Financial Statements and Exhibits
(d)
Exhibits.
Exhibit No.
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Description
of Exhibit
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10.1
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Amended and Restated Class B Membership Interest Contribution
Agreement, dated as of October 26, 2007, by and among MarkWest Energy Partners,
L.P. and the sellers named herein
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3
SIGNATURE
Pursuant to the
requirements of the Securities and Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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MARKWEST ENERGY PARTNERS, L.P.
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(Registrant)
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By:
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MarkWest Energy, G.P., L.L.C.,
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Its General Partner
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Date: November 13, 2007
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By:
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/s/ NANCY K. BUESE
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Nancy K. Buese
Senior Vice President
and Chief Financial Officer
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4
Grafico Azioni Markwest Hydrocarbon (AMEX:MWP)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Markwest Hydrocarbon (AMEX:MWP)
Storico
Da Giu 2023 a Giu 2024