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keyscruiser

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Re: NightStockStalker post# 233

Thursday, 12/30/2010 1:43:40 PM

Thursday, December 30, 2010 1:43:40 PM

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Under the terms of the definitive agreement (the "Arrangement Agreement"), each common share of the Company will be transferred to Magnum Hunter for the right to receive 0.0846 of a share of Magnum Hunter common stock. The exchange ratio for the transaction, which will not be adjusted for subsequent changes in market prices, was established based on an intra-day price of $6.50 for Magnum Hunter stock, representing a value to NGAS shareholders of $0.55 per share, a 41% premium to the NGAS closing price on December 23, 2010

http://www.stockwatch.com/News/Item.aspx?bid=U-z0209859-U:NGAS-20101227&symbol=NGAS&news_region=U
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Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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