AEZ / HES Merger should close 11/15
Posted: Thu Oct 14, 2010 12:28 pm
If you still own AEZ you may want to hang on until the merger into HES is completed.
American Oil & Gas Inc. (AEZ), Hess Corp. (HES)
Premium offered: $0.03 or 0.30%
Acquirer: HES
Target: AEZ
Shares offered per share: 0.1373 shares
Value of offer per share: $8.69
Value of outstanding BK common equity: $528,171,214
HES share price: $63.26
AEZ share price: $8.66
Expected closing: 4Q 2010 11/15/2010
Annualized gain: 3.32%
Note: AEZ holders may also receive a cash dividend as part of the deal
depending on cash available when the merger closes.
American Oil & Gas Inc. (AEZ), Hess Corp. (HES)
Premium offered: $0.03 or 0.30%
Acquirer: HES
Target: AEZ
Shares offered per share: 0.1373 shares
Value of offer per share: $8.69
Value of outstanding BK common equity: $528,171,214
HES share price: $63.26
AEZ share price: $8.66
Expected closing: 4Q 2010 11/15/2010
Annualized gain: 3.32%
Note: AEZ holders may also receive a cash dividend as part of the deal
depending on cash available when the merger closes.