Jun 28, 2011
PDC Energy (NASDAQ:PETD) announced it has entered into merger agreements pursuant to which it intends to acquire five limited partnerships for which the company serves as the Managing General Partner. Four of the limited partnerships were formed in 2003 and one was formed in 2002.
The company will acquire all limited partnership units if the proposed mergers are approved and other customary conditions to closing are satisfied.
PDC Energy expects the total cost to consummate all five mergers will be about $29.5 million.
Oil & Gas Post
Promote Your Page Too
No comments:
Post a Comment