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Article: Apollo Launches $3.15 Per Share Cash Tender Offer for All Outstanding Shares of Parallel Petroleum Corporation.
- Article from:
- Mergers & Acquisitions Week
- Article date:
- October 14, 2009
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PLLL Holdings, LLC and PLLL Acquisition Co., entities formed for the purpose of acquiring Parallel Petroleum Corporation (Nasdaq: PLLL), announced that in accordance with the previously announced Agreement and Plan of Merger, dated as of September 15, 2009, entered into by PLLL Holdings, LLC, PLLL Acquisition Co. and Parallel Petroleum Corporation ("Parallel"), they have commenced a tender offer to acquire all of the outstanding shares of Parallel's common stock, including the associated rights to purchase preferred stock (collectively, the "Shares"), for $3.15 per Share in cash, net to holders of Shares without interest and less any applicable withholding taxes. PLLL ...