Quarterly / Earnings Reports | Deals - Acquisition, Mergers, Divestitures
Contango Details Financials, Impact of Crimson Deal
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Contango Oil & Gas Company has reported an update on its reserves and financials as well as detailed an overview on its proposed M&A deal with Crimson Exploration Inc.
Merger OverviewOn April 29, 2013, the Company and Crimson Exploration Inc. entered into an Agreement and Plan of Merger, pursuant to which Crimson will become a wholly owned subsidiary of the Company. Each share of Crimson common stock will be converted into 0.08288 shares of Company common stock.
The closing of the Merger is subject to the satisfaction or waiver of certain customary conditions, including, among others,
(i) the adoption of the Merger Agreement by Crimson's stockholders;
(ii) the approval by the Company's stockholders of the issuance of Company common stock in the Merger to Crimson's stockholders;
(iii) the…
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