[Context: On March 16, Bill Barrett’s (NYSE: BBG) planned acquisition of NGP-backed Fifth Creek Energy received shareholder approval and is expected to close on March 19. NGP will hold ~50% of the company post merger. Further details and related links are below.]
Bill Barrett Corporation Receives All Required Stockholder Approvals Related To Business Combination with Fifth Creek Energy
DENVER, March 16, 2018 /PRNewswire/ — Bill Barrett Corporation (the “Company”) (NYSE: BBG) today announced that its stockholders overwhelmingly approved the adoption of the Agreement and Plan of Merger between Bill Barrett Corporation and Fifth Creek Energy Operating Company, LLC (“Fifth Creek Energy”) at the special meeting of the Company’s stockholders held earlier today. Approximately 98.7% of the shares voting, representing approximately 76.9% of the total outstanding shares, voted in favor of the adoption of the Merger Agreement.
With the receipt of the required stockholder approval, the transaction is expected to close Monday, March 19, 2018.
As previously announced on December 5, 2017, the Company and Fifth Creek Energy entered into a business combination transaction pursuant to which the Company will acquire Fifth Creek Energy for shares of the Company’s common stock.
ABOUT BILL BARRETT CORPORATION
Bill Barrett Corporation (NYSE: BBG), headquartered in Denver, Colorado, develops oil and natural gas in the Rocky Mountain region of the United States.