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Stock impact report

Amplify Energy and Midstates Petroleum Announce Merger-of-Equals

MIDSTATES PETROLEUM CO INC (MPO) 
US:NYSE Investor Relations: midstatespetroleum.com
Company Research Source: GlobeNewswire
HOUSTON, May 06, 2019 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (OTCQX: AMPY) (“Amplify”) and Midstates Petroleum Company, Inc. (NYSE: MPO) (“Midstates”) announced today that they have entered into a definitive merger agreement pursuant to which Amplify will merge with a subsidiary of Midstates in an all-stock merger-of-equals. Under the terms of the merger agreement, Amplify stockholders will receive 0.933 shares of newly issued Midstates common stock for each Amplify share of common stock.  The merger is expected to close in the third quarter of 2019, at which time Amplify and Midstates stockholders will each own 50% of the outstanding shares of the combined company. The combined company will be headquartered in Houston and trade on the NYSE under the ticker AMPY. Amplify’s President and Chief Executive Officer Ken Mariani will lead the combined c Show less Read more
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