SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : TransAtlantic Petroleum Corp (TNP.U - was Profco)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Shugarue who wrote (198)9/30/1998 10:21:00 AM
From: Bill Shugarue  Read Replies (1) of 270
 
Profco Update...........Merger Details Announced.....Sep 30/98

Today PSO and GHP announced the details of their merger
agreement. Each PSO shareholder will receive 1.15 shares
of GHP. GHP closed at 70 cents (USD) yesterday and based
on the exchange rate of $1.4870 this means the PSO shares
are worth $1.20 based on yesterdays close.

It should be noted at GHP was trading in the $2.50 USD
range one year ago, but like other junior oil companies,
the stock has suffered.

Is this good or bad for PSO shareholders. Time will tell.
The deal is still subject to completion of due diligence
and shareholder approval
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News