VOL. XXXIX
No. 27
1-April-1996
EGYPT
Apache To Take Over Phoenix's Egyptian Assets Under Proposed Merger
Apache Corporation of Houston announced on 28 March that it has entered into a merger agreement with Phoenix Resources Companies of Oklahoma City, under which shareholders of Phoenix will receive 0.75 shares of Apache common stock plus $4.00 in cash in exchange for each share of Phoenix common stock. Phoenix has approximately 16.1mn shares outstanding. The merger is subject to...
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