Key Developments For Double Eagle Petroleum Co.
Double Eagle Petroleum Co. (DBLE.O) (Nasdaq)
Double Eagle Petroleum Company Declares Cash Dividend
Double Eagle Petroleum Company announced that it has declared a cash dividend on its 9.25% Series A Cumulative Preferred Stock in the amount of $0.578125 per share, payable on September 30, 2009 to shareholders of record as of September 20, 2009.
Double Eagle Petroleum Company And Petrosearch Energy Corporation Announces Closing Of Merger
Double Eagle Petroleum Company and Petrosearch Energy Corporation announced that the merger, whereby Petrosearch Energy Corporation became a wholly owned subsidiary of Double Eagle Petroleum, was completed effective August 6, 2009. With the closing of the transaction, Petrosearch stockholders automatically became entitled to receive 0.0433 shares of Double Eagle common stock and cash consideration of $0.0211 for each share of Petrosearch common stock or Petrosearch preferred stock, on an as-converted basis, that they own. As a result of the merger, Double Eagle received approximately $8.5 million of working capital and an early stage water-flood project in the Texas Panhandle. Financial terms of the transactions were not disclosed.
Glass Lewis & Co. Recommends Petrosearch Energy Corporation Stockholders Approve Merger With Double Eagle Petroleum Co.
Petrosearch Energy Corporation announced that Glass Lewis & Co., a proxy advisory firm, has recommended that Petrosearch stockholders vote FOR the merger with Double Eagle Petroleum Co. at Petrosearch`s Special Meeting of Stockholders scheduled for August 4, 2009. The Board of Directors of Petrosearch recommends, and reaffirms its unanimous recommendation, that Petrosearch stockholders vote "FOR" the merger.
Tiberius Capital, LLC Urges All PetroSearch Energy Corporation Shareholders To Vote Against Merger With Double Eagle Petroleum Company
Tiberius Capital, LLC announced that it is urging all PetroSearch Energy Corporation shareholders to vote against the proposed merger with Double Eagle Petroleum Company.
Double Eagle Petroleum Company Reports Cash Dividend On Series A Cumulative Preferred Stock
Double Eagle Petroleum Company announced that its Board of Directors declared a cash dividend on its 9.25% Series A Cumulative Preferred Stock in the amount of $0.578125 per share, payable on June 30, 2009 to shareholders of record as of June 20, 2009.
