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Article: Maynard Oil Company Closes Merger with Plantation Petroleum Holdings, LLC.
- Article from:
- Business Wire
- Article date:
- July 17, 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
Maynard Oil Company (Nasdaq:MOIL) announced today that it has closed its merger with Plantation Petroleum Holdings, LLC. Pursuant to the terms of the merger agreement, Maynard Oil stockholders will receive $17.00 cash for each of the 4,880,368 shares outstanding. The transaction was unanimously approved by the boards of both companies and by the holders of a majority of the outstanding common stock of Maynard Oil.
About Maynard Oil Company
Maynard Oil Company is engaged in the exploration, development and production of oil and natural gas in the United States. Prior to the closing of the merger, Maynard Oil's common stock had ...