25 Apr 2003listing compliance notice▼ BadMajor
DEVON OEI OPERATING INC terminated the registration of a class of securities, ending its reporting obligation for them.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Apr 2003business combination● Neutral
Ocean, Devon and Devon NewCo amended their merger agreement by letter on April 1, 2003, so that Ocean preferred stock remaining outstanding after the merger keeps voting rights alongside common stock, in about the same proportion as before the merger. This continues the Devon merger and does not change the 0.414 exchange ratio as stated in this filing.
25 Feb 2003business combination● NeutralMajor
Ocean Energy agreed to merge with Devon Energy Corporation, with each Ocean common share converted into 0.414 of a Devon share. The deal still needs regulatory approval and approval by both companies' stockholders. Ocean's shareholder rights plan will expire just before the merger, and CEO James Hackett agreed to suspend certain change-of-control benefits, contingent on the merger closing.
14 May 2001business combination● Neutral
Ocean Energy, Inc. (the Texoil buyer) moved its incorporation from Texas to Delaware on May 9, 2001, with shareholder approval. Each common share became one share of the Delaware company, directors and officers stayed the same, and it keeps trading on the NYSE as OEI. Its shareholder rights plan was also extended from May 21, 2001 to May 21, 2003. This concerns the parent and does not mention Texoil.
23 Mar 2001listing compliance notice▼ BadMajor
DEVON OEI OPERATING INC deregistered its securities, ending its obligation to file reports with the SEC.
28 Feb 2001business combination● Neutral
A second final amendment to the Texoil tender offer statement corrects the common share count: Ocean accepted 7,265,182 common shares (about 97.6% fully diluted), up from the 6,970,966 reported on February 23. All 2,991,465 preferred shares were still accepted, and the follow-on merger remains expected.
23 Feb 2001business combination● NeutralMajor
The Texoil tender offer expired on February 22, 2001. Ocean Energy accepted 6,970,966 common shares (about 93.7% on a fully diluted basis) and all 2,991,465 preferred shares. Ocean said it expects to merge OEI Acquisition Corp. into Texoil as soon as practicable, with remaining common shares converted to the same $8.25 cash.
24 Jan 2001business combination● NeutralMajor
Ocean Energy, through OEI Acquisition Corp., formally launched its cash tender offer for Texoil, Inc. at $8.25 per common share and $18.04 per Series A preferred share. Shares not tendered would get the same cash price in a later merger of OEI Acquisition Corp. into Texoil. The offer was valued at about $120.2 million for fee purposes, and it has no financing condition.
19 Jan 2001business combination● Neutral
Ocean Energy, Inc. and its subsidiary OEI Acquisition Corp. filed a preliminary notice of a planned cash tender offer for the shares of Texoil, Inc. The only content is a cover page and a reference to a joint press release dated January 18, 2001; no price or terms are given in this filing.
21 Sept 1999listing compliance notice▼ Bad
DEVON OEI OPERATING INC withdrew a registration statement, abandoning the offering it covered.