Energy XXI Gulf Coast Provides Statement on Merger With Affiliates of Cox Oil LLC
ENERGY XXI GULF COAST (EGC)
Last energy xxi gulf coast earnings: 8/9 06:45 am
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Source: GlobeNewswire
HOUSTON, Sept. 21, 2018 (GLOBE NEWSWIRE) -- Energy XXI Gulf Coast, Inc. (“EGC” or the “Company”) (NASDAQ: EGC) today provided a statement regarding the closing of the merger with affiliates of Cox Oil LLC (“Cox”). As EGC previously announced on September 10, 2018, on September 9, 2018, EGC and Cox entered into an Amendment No. 1 to the Agreement and Plan of Merger to provide for the closing date of the merger to occur on October 10, 2018. The amendment also provided that Cox cannot refuse to consummate the merger because of any material adverse events occurring on or after the date of the amendment until the closing date. In addition, as previously announced, at EGC’s September 6, 2018 special meeting of stockholders, EGC received the two-thirds stockholder approval required for EGC’s stockholders to approve the merger. None of the voting results from the EGC special meeting will adversely affect the closing of the merger. In anticipation of the September 10, 2018 scheduled clo
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