Anadarko, Union Pacific Resources shareholders, okay merger by large margin - July 28, 2000

Providing coverage of Alaska and northern Canada's oil and gas industryJuly 2000

Vol. 5, No. 7

Week of July 28, 2000

Anadarko, Union Pacific Resources shareholders, okay merger by large margin

Petroleum News Alaska Staff

Anadarko Petroleum Corp. and Union Pacific Resources Group Inc. said that in separate special meetings held July 13 in Houston and Fort Worth the shareholders of the companies voted overwhelmingly to approve a merger.

Anadarko common stock voted was 93 percent in favor; Union Pacific Resources common stock voted was 98 percent in favor. The merger is expected to close shortly.

The merger agreement calls for Union Pacific Resources shareholders to receive 0.455 shares of Anadarko common stock for each common share of Union Pacific Resources they own.

In connection with approving the issuance of Anadarko common stock in the merger, Anadarko shareholders also voted to increase the maximum size of the company’s board of directors from nine to 15 members.

The combined company will be called Anadarko Petroleum Corp. and will continue to be headquartered in Houston.

Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.