Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/apco-oil-and-gas-completes-merger-with-pluspetrol-.shtmlApco Oil and Gas completes merger with Pluspetrol Black River
Apco Oil and Gas International Inc. has completed its merger with Pluspetrol Black River Corporation, a wholly-owned
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Apco Oil and Gas International Inc. has completed its merger with Pluspetrol Black River Corporation, a wholly-owned subsidiary of Pluspetrol Resources Corporation, in an all-cash transaction with an equity value of approximately $427 million.
In connection with the transaction, Apco will be delisted from the NASDAQ Global Select Market and terminate its registration and reporting obligations with the Securities and Exchange Commission.
As previously announced, the transaction was approved by Apco's shareholders at an extraordinary general meeting of shareholders held on Jan. 26, 2015. Pursuant to the terms of the merger agreement, Apco shareholders will receive $14.50 in cash for each share of Class A and ordinary shares they own.
