MERGER PROPOSED
YOUR VOTE IS IMPORTANT
PLEASE
VOTE YOUR PROXY TODAY
August 3, 2018
Dear Shareholder of Vectren Corporation:
We are reaching out
regarding the proxy materials recently sent to you in connection with the proposal to approve the Agreement and Plan of Merger, dated April 21, 2018, by and among Vectren Corporation (Vectren), CenterPoint Energy, Inc.
(CenterPoint) and Pacer Merger Sub, Inc., a wholly owned subsidiary of CenterPoint, and the special meeting of shareholders of Vectren scheduled for August 28, 2018.
Whether or not you plan to attend the special meeting,
please take the time to vote by following the instructions on the back of this
notice
.
The board of directors of the Company unanimously recommends a vote
FOR
all of the proposals described in the proxy statement.
If the
merger is completed, Vectren will become a wholly owned subsidiary of CenterPoint and for each share of our common stock
held, our shareholders will be entitled to receive $72.00 in cash, without interest, as described in more detail in the proxy statement, dated July 16, 2018 and first mailed to our shareholders on or about July 17, 2018, under the heading
The Merger AgreementEffects of the Merger; Merger
Consideration.
The consideration payable to our shareholders represents a premium of approximately 9.8 percent to the closing stock price of the Company on
April 20, 2018, which was the last trading day before the proposed merger was announced. The closing stock price of the Company common stock on August 21, 2017, which was the last trading day prior to the media reports regarding takeover
interest in the Company, was $61.31 per share. The merger consideration represents a 17.4 percent premium to such closing price. If adjusted for the industry peer performance between August 21, 2017 and April 20, 2018, the merger
consideration represents a 28.4 percent premium over such adjusted price of $56.07 per share.
We urge you to read the proxy
statement, which includes information about the merger and the special meeting. For a discussion of the U.S. federal income tax consequences of the merger, see The Proposed MergerMaterial U.S. Federal Income Tax Consequences of the
Merger beginning on page 41 of the proxy statement.
Your vote is very important regardless of the number of shares you own. We
cannot complete the merger unless holders of a majority of the outstanding shares of our common stock entitled to vote at the special meeting vote in favor of the proposal to approve the merger agreement and the transactions contemplated thereby,
including the merger. The failure to vote will have the same effect as a vote against the proposal to approve the merger agreement and the transactions contemplated thereby, including the merger.
If you need assistance voting your shares, please call D.F. King & Co., Inc. toll free at (877)
732-3619.
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Sincerely,
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Carl L. Chapman
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Chairman, President and Chief Executive Officer
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