9 Feb 2015listing compliance notice▼ BadMajor
APCO OIL & GAS INTERNATIONAL INC deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Feb 2015director interest notice● Neutral
APCO OIL & GAS INTERNATIONAL INC director Robert J Lafortune sold 20 shares at $14.50.
30 Jan 2015director interest notice● Neutral
APCO OIL & GAS INTERNATIONAL INC Chief Executive Officer Bryan K Guderian sold 4 shares at $14.50.
30 Jan 2015director interest notice● Neutral
APCO OIL & GAS INTERNATIONAL INC Chief Accounting Officer Benjamin A Holman sold 50 shares at $14.50.
30 Jan 2015business combination● NeutralMajor
The Pluspetrol merger closed on January 29, 2015: every Ordinary and Class A share was cancelled and converted into the right to receive $14.50 in cash (about $427 million in total), except shares held by Apco, its subsidiaries, Pluspetrol or holders who exercised appraisal rights. Shareholders approved it on January 26, 2015. Trading on NASDAQ was suspended, Apco is now a wholly-owned Pluspetrol subsidiary, all directors and officers resigned, PRC Oil & Gas B.V. is sole director, and the company will file a Form 15 to stop reporting after the delisting takes effect. This resolves the merger thread.
30 Jan 2015director interest notice● Neutral
APCO OIL & GAS INTERNATIONAL INC director Richard E Muncrief sold 1 shares at $14.50.
30 Jan 2015director interest notice● Neutral
APCO OIL & GAS INTERNATIONAL INC director Wpx Energy, INC. sold 20,301,592 shares at $14.50.
30 Jan 2015director interest notice● Neutral
APCO OIL & GAS INTERNATIONAL INC director Keith E Bailey sold 804 shares at $14.50.
30 Jan 2015director interest notice● Neutral
Richard E Muncrief became a APCO OIL & GAS INTERNATIONAL INC director and company insider (initial ownership filing).
30 Jan 2015director interest notice● Neutral
APCO OIL & GAS INTERNATIONAL INC director Piero Ruffinengo sold 4 shares at $14.50.
30 Jan 2015director interest notice● Neutral
APCO OIL & GAS INTERNATIONAL INC director J Kevin Vann sold 1 shares at $14.50.
29 Jan 2015listing compliance notice● NeutralMajor
APCO OIL & GAS INTERNATIONAL INC's exchange filed to remove a class of its securities from listing.
23 Jan 2015substantial holder notice● Neutral
BlackRock, Inc reported a APCO OIL & GAS INTERNATIONAL INC shareholding of 746,551 shares (8.20% of votes) in a periodic institutional filing.
16 Jan 2015business combination● Neutral
Four putative shareholder class actions challenging the Pluspetrol merger (inadequate price, flawed process, deal-protection terms, conflicts tied to WPX) were agreed in principle on January 16, 2015 to be settled, subject to court approval. Apco agreed only to make extra disclosures in the proxy materials, and the filing says the settlement does not change the meeting timing, merger timing or the $14.50 price; defendants deny wrongdoing. The extra disclosures include WPX's estimate that the Vaca Muerta assets had a present value of about $3.9 billion against about $9.2 billion of capital spending needed, and that WPX valued its Argentine interests (separately sold) at $5-10 million.
16 Jan 2015agm notice● Neutral
APCO OIL & GAS INTERNATIONAL INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
6 Jan 2015material agreement● NeutralMajor
On December 30, 2014 Apco agreed with Río Negro province to extend the Entre Lomas concession by ten years to January 21, 2026, paying a net bonus of $7.9 million in January 2015 and committing about $57.6 million of spending over the remaining term. The provincial production tax rises from 12% to 15% from January 2015. Apco's interests are unchanged at 23% direct and 52.79% combined, and this fits the extension to January 21, 2026 already in the context, now with its cost terms.
22 Dec 2014business combination● NeutralMajor
Apco filed the final proxy statement, setting an extraordinary shareholder meeting for January 26, 2015 (record date December 19, 2014) to vote on the $14.50 per share cash merger with Pluspetrol. The approval standard is now stated as two-thirds of shares attending and voting, rather than two-thirds of all outstanding shares as in the preliminary version, and abstentions count against while non-votes have no effect. WPX's roughly 69% stake is enough to pass it, and the company says it holds the vote because Cayman law, NASDAQ rules and the merger agreement require it.
13 Nov 2014quarterly activities report● Neutral
APCO OIL & GAS INTERNATIONAL INC reported a quarterly net income of $12.6 million for the period ended 2014-09-30.
4 Nov 2014quarterly activities report● Neutral
APCO OIL & GAS INTERNATIONAL INC reported a quarterly net income of $12.6 million for the period ended 2014-09-30.
31 Oct 2014business combination● NeutralMajor
Apco filed the preliminary proxy statement for the shareholder vote on the October 2, 2014 Pluspetrol merger, which would pay $14.50 in cash per share (about $426.9 million maximum aggregate value). Two-thirds approval is needed, and WPX's roughly 69% stake is covered by the power of attorney, so the filing says its shares are enough to adopt the deal; the meeting date and record date are still blank.
3 Oct 2014business combination▲ GoodMajor
On October 2, 2014, Apco agreed to be acquired by Pluspetrol Resources Corporation, with each ordinary and Class A share converted into $14.50 in cash (except for shares held by Apco, its subsidiaries, Pluspetrol, or appraisal-rights dissenters). Closing needs approval by holders of two-thirds of shares and a related sale by majority holder WPX (about 69%) of its Apco Argentina S.A. and Northwest Argentina Corporation interests to Pluspetrol; WPX has granted a power of attorney to vote its shares for the merger. A $15.45 million termination fee applies in certain cases, and either side can terminate if not completed by July 2, 2015. The deal is pending, so shareholders' cash buyout is not yet final.
6 Aug 2014quarterly activities report● Neutral
APCO OIL & GAS INTERNATIONAL INC reported a quarterly net income of $7.1 million for the period ended 2014-06-30.
21 July 2014substantial holder notice● Neutral
Cove Street Capital, LLC reported a APCO OIL & GAS INTERNATIONAL INC shareholding of 383,506 shares (4.20% of votes) in a periodic institutional filing.
21 July 2014substantial holder notice● Neutral
Cove Street Capital, LLC disclosed a new substantial APCO OIL & GAS INTERNATIONAL INC shareholding (5.30% of votes).
8 May 2014quarterly activities report● Neutral
APCO OIL & GAS INTERNATIONAL INC reported a quarterly net income of $3.1 million for the period ended 2014-03-31.
8 May 2014quarterly activities report● Neutral
APCO OIL & GAS INTERNATIONAL INC reported a quarterly net income of $3.1 million for the period ended 2014-03-31.
1 Apr 2014director interest notice● Neutral
J Kevin Vann became a APCO OIL & GAS INTERNATIONAL INC director and company insider (initial ownership filing).
20 Mar 2014agm notice● Neutral
APCO OIL & GAS INTERNATIONAL INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
19 Feb 2014substantial holder notice● Neutral
Utility Service Holding Company, Inc disclosed a new substantial APCO OIL & GAS INTERNATIONAL INC shareholding (7.00% of votes).
19 Feb 2014director interest notice● Neutral
James J Bender became a APCO OIL & GAS INTERNATIONAL INC director and company insider (initial ownership filing).