Friday, December 27, 2024

Energy XXI Gulf Coast, Cox Oil Set Closing for Merger on Oct. 10

Energy XXI Gulf Coast, Inc. (ticker: EGC) said that it has entered into an amendment to the Agreement and Plan of Merger to provide for the closing date of the merger with Cox Oil affiliates to occur on October 10, 2018.  Cox Oil is an independent, privately-held entity that owns and operates assets in the Gulf of Mexico. The amendment also provides

Offshore

Energy XXI Gulf Coast to be Acquired by Cox Oil for Approximately $9.10 per Share

Energy XXI Gulf Coast, Inc. (NASDAQ: EGC) has signed a definitive agreement to be acquired by a privately held Cox Oil affiliate that owns and operates assets in the Gulf of Mexico. Cox will acquire all the outstanding shares of EGC common stock for $9.10 per fully diluted share in cash, for a total consideration of approximately $322 million, representing