HOUSTON - Azurix
Corp. shareholders voted today to approve and adopt the proposed agreement
and plan of merger with an indirect subsidiary of Enron Corp. Azurix expects
to close the transaction after the close of the New York Stock Exchange
later today.
Under the merger,
holders of Azurix's publicly traded shares will receive cash of $8.375
per share. Instructions for surrendering shares and receiving cash payments
will be sent to shareholders of record next week.
Azurix Corp. (www.azurix.com)
is a global company that owns, operates and manages water and wastewater
assets, provides water and wastewater related services, and develops and
manages water resources.
For additional
information please contact:
Media Contact
Diane Bazelides
(713) 345-5209
