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Acquisition of Pinnacle Gas Resources, Inc. Completed

Source: www.gulfoilandgas.com 1/25/2011, Location: North America

Pinnacle Gas Resources, Inc. announced that it has been acquired by Powder Holdings, LLC, an entity controlled by SW Energy Capital LP. Under the terms of the merger agreement, Pinnacle stockholders are entitled to receive $0.34 per share in cash for each share of Pinnacle common stock that they hold. Letters of transmittal allowing Pinnacle stockholders of record to deliver their shares to the paying agent in exchange for payment of the merger consideration will be distributed shortly after the closing. Stockholders of record should be in receipt of the letter of transmittal before surrendering their shares. The acquisition was approved by the company's stockholders in August 2010.

Scotia Waterous acted as financial advisor to SW Energy Capital LP, and Vinson & Elkins LLP acted as SW Energy Capital's legal advisor.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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