Under the agreed terms, NGAS shareholders will receive 0.0846 Magnum Hunter common stock for each of their NGAS shares, giving them a total of 6.6m Magnum Hunter shares after the deal, the target company said in a release today.
Following completion, expected for 13 April, NGAS will be taken private and become a fully-owned unit of Magnum Hunter.
In addition to dedicated instrument companies, a number of major industrial companies compete in the NGA
market including Siemens, ABB, and Fisher Rosemount's Daniel Instruments.
Under the definitive agreement, Magnum Hunter will pay 0.0846 own common stock for each NGAS share, valuing the latter at USD0.55 apiece, a premium of 41% to its closing on 23 December.
Magnum Hunter said it had secured financing from investment bank BMO Capital Markets Corp to cover NGAS' debt.
Nakaingon ko nga
dili haom tungod kay inig abot nila dinhi sa Sugbo dili gihapon ma-apply ang ilang naantigohan sa workshop kay way drug rehabilitation center nga
iya provincial government.
Boasting record-breaking attendance at its annual trade show last month, at the popular Paris Las Vegas Hotel and Convention Center, NGA
proved once again to be unwavering in its support of privately held supermarkets, and in its ongoing efforts to create a level playing field for all operators regardless of size or purchasing power.