Parsley Energy (PE) Update - Dec 3
Posted: Thu Dec 03, 2020 9:29 am
I will soon be dropping PE from the Sweet-16 because it is merging with PXD.
AUSTIN, Texas, Dec. 3, 2020 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced that the special meeting of stockholders of Parsley Energy, Inc. (the "Parsley special meeting") to approve the pending combination with Pioneer Natural Resources Company (NYSE: PXD) ("Pioneer") is scheduled to take place on January 12, 2021 at 9:00 am Central Time. The record date for Parsley stockholders entitled to vote at the Parsley special meeting is the close of business on December 7, 2020.
Parsley Energy expects to file its definitive proxy statement with the U.S. Securities and Exchange Commission and begin mailing the definitive proxy statement to the Company's stockholders in early December 2020. The definitive proxy statement will be available on the "Investors" section of the company's website, as well as www.sec.gov.
As announced on October 20, 2020, Parsley Energy entered into a definitive agreement under which Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately $4.5 billion as of October 19, 2020. Under the terms of the agreement, Parsley stockholders will receive a fixed exchange ratio of 0.1252 shares of Pioneer common stock for each share of Parsley common stock owned. The Parsley board unanimously recommends that Parsley stockholders vote "FOR" the Parsley merger proposal.
Parsley stockholders who need assistance in completing the proxy card, require additional copies of the proxy materials, or have questions regarding the special meeting may contact Parsley's proxy solicitor, MacKenzie Partners, Inc., by phone at (212) 929-5500 or (800) 322-2885, or by email at proxy@mackenziepartners.com.
AUSTIN, Texas, Dec. 3, 2020 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced that the special meeting of stockholders of Parsley Energy, Inc. (the "Parsley special meeting") to approve the pending combination with Pioneer Natural Resources Company (NYSE: PXD) ("Pioneer") is scheduled to take place on January 12, 2021 at 9:00 am Central Time. The record date for Parsley stockholders entitled to vote at the Parsley special meeting is the close of business on December 7, 2020.
Parsley Energy expects to file its definitive proxy statement with the U.S. Securities and Exchange Commission and begin mailing the definitive proxy statement to the Company's stockholders in early December 2020. The definitive proxy statement will be available on the "Investors" section of the company's website, as well as www.sec.gov.
As announced on October 20, 2020, Parsley Energy entered into a definitive agreement under which Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately $4.5 billion as of October 19, 2020. Under the terms of the agreement, Parsley stockholders will receive a fixed exchange ratio of 0.1252 shares of Pioneer common stock for each share of Parsley common stock owned. The Parsley board unanimously recommends that Parsley stockholders vote "FOR" the Parsley merger proposal.
Parsley stockholders who need assistance in completing the proxy card, require additional copies of the proxy materials, or have questions regarding the special meeting may contact Parsley's proxy solicitor, MacKenzie Partners, Inc., by phone at (212) 929-5500 or (800) 322-2885, or by email at proxy@mackenziepartners.com.