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Stone Energy shareholders to decide merger with Bois d'Arc Energy on Aug. 27
By Lisa Kerner
Charlotte, N.C., June 27 - Stone Energy Corp. will hold a special meeting of stockholders on Aug. 27 at 11 a.m. ET to vote on the company's merger with Bois d'Arc Energy, Inc.
Record date for the meeting is July 18, a form 8-K filed with the Securities and Exchange Commission stated.
It was previously reported that Stone Energy would acquire Bois d'Arc in a cash and stock deal valued at approximately $1.8 billion.
Under the terms of the companies' definitive merger agreement, Bois d'Arc stockholders will receive $13.65 in cash and 0.165 of a share of Stone Energy common stock for each share of Bois d'Arc common stock.
Stone Energy stockholders will own 72% of the combined company, with Bois d'Arc stockholders owing the remaining 28% once the merger is complete.
Bois d'Arc, based in Houston, and Stone Energy, located in Lafayette, La., are independent oil and natural gas exploration companies.
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