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Article: EPL Terminates Merger Agreement with Stone Energy.
- Article from:
- Business Wire
- Article date:
- October 12, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EPL Board Authorizes Exploration of Strategic Alternatives to Maximize Stockholder Value
NEW ORLEANS -- Energy Partners, Ltd. ("EPL" or "the Company") (NYSE:EPL) today announced that EPL and Stone Energy Corporation ("Stone") (NYSE:SGY) have agreed to terminate their June 22, 2006 merger agreement.
EPL also announced that, as the Company is now free from the merger agreement with Stone, its Board of Directors has directed the Company, assisted by its financial advisors Evercore Group L.L.C., Banc of America Securities LLC, Petrie Parkman & Co, Inc., and UBS Securities LLC, to explore strategic alternatives to maximize stockholder value, including the ...