E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/27/2008 in the Prospect News Special Situations Daily.

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.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.