Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/stonepoint-energy-agrees-proposed-acquisition-by-e.shtmlStonePoint Energy agrees proposed acquisition by Endurance Energy
StonePoint Energy Inc. has entered into a definitive arrangement agreement pursuant to which Endurance Energy Ltd. ('Endurance'), a portfolio
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StonePoint Energy Inc. has entered into a definitive arrangement agreement pursuant to which Endurance Energy Ltd. ('Endurance'), a portfolio company of Warburg Pincus, has agreed to acquire all of the outstanding common shares of StonePoint for cash consideration of C$0.078125 per share (the 'Transaction').
The purchase price payable under the Transaction represents an approximately 60 percent premium to the volume-weighted average trading price of the StonePoint Common Shares on the TSX Venture Exchange for the 20 trading days ended on July 3, 2015, being the last trading day prior to the date of Arrangement Agreement.
