Atlas Energy, Inc. reported that its shareholders have approved the pending merger between Atlas Energy and Chevron Corporation. The proposal to approve the merger was supported at a special meeting of shareholders by approximately 99.7% percent of the votes cast by Atlas Energy shareholders. The merger is expected to close promptly.

On November 8, 2010, Atlas Energy entered into a definitive agreement to be acquired by Chevron in a transaction valuing Atlas Energy at $4.3 billion. Upon closing, Atlas Energy shareholders will receive $38.25 in cash for each outstanding share owned upon the effective time of closing, and will also receive a pro-rata share of a distribution of over 41 million common limited partnership units of Atlas Pipeline Holdings, L.P.

Tags: Atlas Energy, Chevron Corporation