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Article: Maynard Oil Company to Merge with Plantation Petroleum Holdings, LLC.
- Article from:
- Business Wire
- Article date:
- April 25, 2002
CopyrightCOPYRIGHT 2002 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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Business Editors
DALLAS--(BUSINESS WIRE)--April 25, 2002
Maynard Oil Company (Nasdaq:MOIL) announced today that it has entered into an Agreement and Plan of Merger with Plantation Petroleum Holdings, LLC, pursuant to which Maynard Oil stockholders will receive $17.00 cash for each of the 4,880,368 shares outstanding.
The transaction has been unanimously approved by the boards of directors of both companies. The transaction is subject to the approval by holders of a majority of the outstanding common stock of Maynard Oil Company.
Maynard Oil Company, its directors, executive officers and certain other members of Maynard Oil Company ...