Forest Oil and Sabine Oil & Gas provide merger update
Forest Oil Corporation (NYSE:FST) (“Forest”) and Sabine Oil & Gas (“Sabine”) announced that the proposed business combination transaction between Forest and Sabine continues to progress. Forest has set the date for the special meeting of its shareholders to consider and vote on, among
other items, the combination between Forest and Sabine as November 20, 2014, pending completion of the SEC’s proxy statement review.
Forest shareholders of record as of the close of business on October 3, 2014, will be entitled to vote at the special meeting. Additional information concerning the special meeting, including its time and location, will be provided in the Forest definitive proxy statement, which will be mailed promptly to shareholders after it is finalized. Both Forest and Sabine remain fully committed to completing this transaction in 2014.
Forest Oil Corporation is engaged in the acquisition, production, exploration, and development of natural gas and liquids in the United States. Forest’s principal reserves and producing properties are located in East Texas, the Eagle Ford in South Texas, Arkansas, Louisiana, and Oklahoma. Forest’s common stock trades on the New York Stock Exchange under the symbol FST.
Sabine Oil & Gas LLC is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States. Sabine’s current operations are principally located in Cotton Valley Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in South Texas, and the Granite Wash in the Texas Panhandle.
Source: SABINE OIL & GAS