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Article: EPL Comments On ATS' Tender Offer Results.
- Article from:
- Business Wire
- Article date:
- September 28, 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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ATS Fails to Attract Even 1% of EPL Shares
NEW ORLEANS -- Energy Partners, Ltd. ("EPL" or "the Company") (NYSE:EPL), today issued the following statement regarding the results of the tender offer made by ATS Inc. ("ATS"), a wholly-owned subsidiary of Woodside Petroleum, Ltd. (ASX:WPL), which were announced today:
"With significantly less than 1% of EPL's outstanding shares tendered, our stockholders have sent a clear message that they agree with our Board's belief that the ATS offer is inadequate. We will continue to act in the best interests of our stockholders and appreciate the strong level of confidence that they have expressed in our strategy and ...