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0.000128816179312004 -0.000257632358624375 -0.00154579415174552 -0.00283395594486666 -0.00103052943449713 -0.00811541929666378 -0.00991884580703349 -0.00463738245523637
Stock impact report

Proxy advisor ISS recommends Cimarex shareholders vote for Cabot merger [Reuters]

Cimarex Energy Co (XEC) 
Last cimarex energy co earnings: 2/19 04:01 pm Check Earnings Report
US:NYSE Investor Relations: cimarex.com
Company Research Source: Reuters
of Cimarex Energy Co (XEC.N) vote for its proposed merger with Cabot Oil & Gas Corp (COG.N) , according to a statement seen by Reuters on Thursday. Fellow proxy advisor Glass Lewis also recommended earlier this week that both sets of shareholders back the tie-up, which will unite Cabot's gas-rich Marcellus shale positions in the northeastern United States and Cimarex's oil-heavy acres in West Texas. read more Gaining the assent of these advisory firms is regarded as a positive sign, given that many shareholders follow such advice when deciding on how to cast their votes at shareholder meetings. However, while Glass Lewis voiced broad support for the rationale behind the deal and its benefits, ISS' backing was more tepid, questioning how thoroughly Cimarex's management explored alternative merger parties and why Cimarex was only gaining 50.5% of the combined entity when its legacy assets were contributing around 60% of earnings. Recent improvements in natural gas prices, which Show less Read more
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