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Article: Rocky Mountain Exploration Co. and Carmel Energy Inc. approve merger.
- Article from:
- PR Newswire
- Article date:
- June 6, 1984
CopyrightCOPYRIGHT 1984 PR Newswire Association LLC. 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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HOUSTON, June 6 /PRNewswire/ -- The boards of directors of Rocky Mountain Exploration Company and Carmel Energy Inc. have approved a merger of Rocky Mountain into a newly formed subsidiary of Carmel. In connection with such merger, the stockholders of Rocky Mountain will be issued shares of common stock of Carmel. Upon consummation of the merger, it is proposed that the former holders of Rocky Mountain common stock will hold approximately 15 percent of the common stock of the combined companies. Consummation of the merger is subject, among other matters, to the execution by Carmel and Rocky Mountain of a definitive merger agreement, the effectiveness of a registration ...