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UPDATE 1-Chesapeake says proxy advisory firms support FPU deal

Mon Oct 12, 2009 6:10pm EDT

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Oct 12 (Reuters) - Chesapeake Utilities Corp (CPK.N) said proxy advisory firms Glass Lewis and Co and Proxy Governance Inc recommended its shareholders to vote for its acquisition of Florida Public Utilities FPU.A.

Stocks  |  Mergers & Acquisitions  |  Utilities

On April 20, Chesapeake had said it would buy Florida Public Utilities in a deal valued at about $74.7 million, to advance its businesses in Mid-Atlantic and Florida markets.

Shares of Chesapeake closed at $30.63 Monday on the New York Stock Exchange. Florida Public shares closed at $12.53 on the American Stock Exchange.

For the alerts, please double click [ID:nWNAB8186] (Reporting by Arup Roychoudhury in Bangalore; Editing by Pradeep Kurup)

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