Announced
Completed
Financials
Tags
Merger
Public
United States
Single Bidder
oil exploration
Majority
Integrated Oil and Gas
Completed
Friendly
Synopsis
Isramco, an oil and natural gas company, completed the merger with Naphtha Group, a group of Israel Petroleum, Naphtha Holding, Israel Oil, and Naphtha US Oil. The Merger was approved by the company’s stockholders at a special meeting held on October 22, 2019. Under the terms of the Merger Agreement, Isramco stockholders received $121.4 per share of company common stock. As a result of the merger, Isramco became an indirect wholly-owned subsidiary of Naphtha and the company’s common stock has ceased trading and will be delisted from the NASDAQ Capital Market.
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