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Stock impact report

Amplify Energy Announces Shareholder Approval of Merger with Midstates

MIDSTATES PETROLEUM CO INC (MPO) 
US:NYSE Investor Relations: midstatespetroleum.com
Company Research Source: GlobeNewswire
HOUSTON, Aug. 02, 2019 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (OTCQX: AMPY) (“Amplify” or the “Company”) and Midstates Petroleum Company, Inc. (NYSE: MPO) (“Midstates”) announced that the proposals necessary for the companies’ previously announced all-stock, merger-of equals transaction were approved today by Amplify’s stockholders at the Amplify special meeting and by Midstates’ stockholders at the Midstates annual meeting. The transaction is expected to close on August 6, 2019, subject to satisfaction of remaining customary closing conditions. Amplify stockholders will receive 0.933 shares of Midstates common stock for each share of Amplify common stock. Upon completion of the merger, current Midstates stockholders, collectively, and current Amplify stockholders, collectively, will each own approximately 50% of the outstanding common stock of the combined company.  The combined company will retain the name Amplify Energy Corp. and will remain headquartered in Houston.   Amplif Show less Read more
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