Bois d'Arc Energy, Inc. and Stone Energy Corporation Announce Stockholders Vote to...
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Bois d'Arc Energy, Inc. and Stone Energy Corporation Announce Stockholders
Vote to Approve Merger
HOUSTON, Aug. 27 /PRNewswire-FirstCall/ -- Bois d'Arc Energy, Inc. ("Bois
d'Arc") (NYSE: BDE) and Stone Energy Corporation ("Stone") (NYSE: SGY) today
reported that their respective stockholders have voted to approve the
previously announced merger in which Stone will acquire Bois d'Arc. Under the
terms of the merger agreement, Bois d'Arc stockholders are receiving $13.65 in
cash per share and 0.165 shares of Stone common stock for each share of Bois
d'Arc common stock.
Bois d'Arc reported that 92.1% of its stockholders were represented at the
special meeting called to vote upon the proposed merger. 99.7% of the shares
represented at the meeting voted in favor of the transaction. Stone reported
that 82.6% of its stockholders were represented at the special meeting called
to vote upon the proposed merger. 97.3% of the shares represented at the
Stone meeting voted in favor of the transaction. The transaction is expected
to close on August 28, 2008.
This press release may contain "forward-looking statements" as that term
is defined in the Private Securities Litigation Reform Act of 1995. Such
statements are based on management's current expectations and are subject to a
number of factors and uncertainties which could cause actual results to differ
materially from those described herein. Although the Company believes the
expectations in such statements to be reasonable, there can be no assurance
that such expectations will prove to be correct.
SOURCE Bois d'Arc Energy, Inc.
Roland O. Burns, Chief Financial Officer of Bois d'Arc Energy, Inc.,
+1-972-668-8811
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