10 Dec 2018listing compliance notice▼ BadMajor
ENERGEN CORP 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.
7 Dec 2018substantial holder notice● Neutral
JPMORGAN CHASE & CO reported a ENERGEN CORP shareholding of 193,904 shares (0.10% of votes) in a periodic institutional filing.
30 Nov 2018business combination● NeutralMajor
The Diamondback merger closed on November 29, 2018: each Energen share was converted into 0.6442 of a Diamondback share plus cash for any fraction (excluding treasury shares, shares owned by Diamondback or Merger Sub, and shares with valid dissenters' rights). Energen is now a wholly owned Diamondback subsidiary, its NYSE listing (EGN) is being withdrawn, and it intends to file to end its SEC reporting. All directors and listed officers left, Travis D. Stice became sole director, and all borrowings under the Wells Fargo credit agreement were repaid and the facility terminated. This resolves the merger thread opened in August 2018; Energen shareholders now hold Diamondback shares in place of Energen shares.
30 Nov 2018listing compliance notice● NeutralMajor
ENERGEN CORP's exchange filed to remove a class of its securities from listing.
30 Nov 2018substantial holder notice● Neutral
HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS, LLC, BARBERRY CORP, ICAHN PARTNERS MASTER FUND LP, ICAHN OFFSHORE LP, ICAHN PARTNERS LP, ICAHN ONSHORE LP, ICAHN CAPITAL LP, IPH GP LLC, ICAHN ENTERPRISES HOLDINGS L.P, ICAHN ENTERPRISES GP INC, BECKTON CORP, CARL C. ICAHN reported no remaining ENERGEN CORP shareholding in its periodic institutional filing.
30 Nov 2018substantial holder notice● Neutral
CORVEX MANAGEMENT LP, KEITH MEISTER reported no remaining ENERGEN CORP shareholding in its periodic institutional filing.
19 Nov 2018substantial holder notice● Neutral
HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS, LLC, BARBERRY CORP, ICAHN PARTNERS MASTER FUND LP, ICAHN OFFSHORE LP, ICAHN PARTNERS LP, ICAHN ONSHORE LP, ICAHN CAPITAL LP, IPH GP LLC, ICAHN ENTERPRISES HOLDINGS L.P, ICAHN ENTERPRISES GP INC, BECKTON CORP, CARL C. ICAHN disclosed a new substantial ENERGEN CORP shareholding (9.90% of votes).
19 Nov 2018substantial holder notice● Neutral
CORVEX MANAGEMENT LP, KEITH MEISTER reported a ENERGEN CORP shareholding of 6,756,218 shares (6.90% of votes) in a periodic institutional filing.
16 Nov 2018business combination● Neutral
Energen said it settled three shareholder lawsuits (two federal, one Alabama state court) that tried to block the Diamondback merger over alleged missing information in the merger documents and an allegedly inadequate price. The companies agreed to add disclosures to the proxy statement, and the cases will be dismissed with prejudice for the named plaintiffs only; they deny the claims and say further similar suits may be filed. The added disclosures include that Energen's advisers contacted 16 companies, three signed confidentiality agreements (Diamondback, 'Company A' and 'Company B'), and an exclusivity agreement with Diamondback ran to August 15, 2018. This clears a possible obstacle ahead of the November 27 votes but does not change the deal terms.
8 Nov 2018quarterly activities report▼ Bad
ENERGEN CORP reported quarterly revenue of $226.3 million and a net loss of $26.6 million for the period ended 2018-09-30.
7 Nov 2018quarterly activities report▼ Bad
ENERGEN CORP reported quarterly revenue of $226.3 million and a net loss of $26.6 million for the period ended 2018-09-30.
25 Oct 2018business combination● NeutralMajor
Energen filed its final joint proxy statement with Diamondback, setting special shareholder meetings for both companies on November 27, 2018 (record date October 19, 2018) to vote on the merger. Energen's board unanimously recommends voting for the merger and for a non-binding vote on executive merger-related pay. The stated consideration is still 0.6442 Diamondback shares per Energen share, worth about $84.95 at the August 13 price and about $7.6 billion in total at the October 23 price. The filing says the value will fluctuate with Diamondback's share price. This moves the merger announced in August toward a vote, which is not yet held.
16 Aug 2018substantial holder notice● Neutral
CORVEX MANAGEMENT LP, KEITH MEISTER, HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS, LLC, BARBERRY CORP, ICAHN PARTNERS MASTER FUND LP, ICAHN OFFSHORE LP, ICAHN PARTNERS LP, ICAHN ONSHORE LP, ICAHN CAPITAL LP, IPH GP LLC, ICAHN ENTERPRISES HOLDINGS L.P, ICAHN ENTERPRISES GP INC, BECKTON CORP, CARL C. ICAHN reported a ENERGEN CORP shareholding of 9,666,382 shares (9.90% of votes) in a periodic institutional filing.
15 Aug 2018business combination● NeutralMajor
Energen filed the merger agreement with Diamondback and Sidewinder Merger Sub: each Energen share converts into 0.6442 Diamondback share, plus cash for fractions. Closing needs Energen and Diamondback shareholder approvals, HSR antitrust clearance, an effective S-4 registration statement, Nasdaq listing of the new shares and a tax-reorganization opinion. Either side can terminate if the deal has not closed by March 31, 2019 (extendable to June 30, 2019 for regulatory clearances). Termination fees are $400 million payable by Diamondback and $250 million payable by Energen in specified cases. Energen also amended four named executives' severance agreements to reimburse certain Section 4999 taxes in return for a wider non-compete, and added a forum-selection bylaw. This details the deal announced the day before; the equity outcome is still pending.
14 Aug 2018business combination▲ GoodMajor
Energen and Diamondback Energy announced a merger agreement under which Diamondback will acquire Energen in an all-stock deal valued at about $9.2 billion including Energen's $830 million of net debt at June 30, 2018. Each Energen share would convert into 0.6442 Diamondback shares, an implied $84.95 per share based on Diamondback's August 13, 2018 close; both boards approved it unanimously. This is a new thread that, if completed, would end Energen's standalone existence, but it still needs shareholder and regulatory approvals.
13 Aug 2018substantial holder notice● Neutral
CORVEX MANAGEMENT LP, KEITH MEISTER, HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS, LLC, BARBERRY CORP, ICAHN PARTNERS MASTER FUND LP, ICAHN OFFSHORE LP, ICAHN PARTNERS LP, ICAHN ONSHORE LP, ICAHN CAPITAL LP, IPH GP LLC, ICAHN ENTERPRISES HOLDINGS L.P, ICAHN ENTERPRISES GP INC, BECKTON CORP, CARL C. ICAHN reported a ENERGEN CORP shareholding of 8,717,066 shares (8.90% of votes) in a periodic institutional filing.
8 Aug 2018quarterly activities report▼ Bad
ENERGEN CORP reported quarterly revenue of $226.3 million and a net loss of $26.6 million for the period ended 2018-09-30.
7 Aug 2018quarterly activities report▼ Bad
ENERGEN CORP reported quarterly revenue of $226.3 million and a net loss of $26.6 million for the period ended 2018-09-30.
3 Aug 2018substantial holder notice● Neutral
CORVEX MANAGEMENT LP, KEITH MEISTER, HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS, LLC, BARBERRY CORP, ICAHN PARTNERS MASTER FUND LP, ICAHN OFFSHORE LP, ICAHN PARTNERS LP, ICAHN ONSHORE LP, ICAHN CAPITAL LP, IPH GP LLC, ICAHN ENTERPRISES HOLDINGS L.P, ICAHN ENTERPRISES GP INC, BECKTON CORP, CARL C. ICAHN reported a ENERGEN CORP shareholding of 8,059,989 shares (8.30% of votes) in a periodic institutional filing.
10 July 2018substantial holder notice● Neutral
CORVEX MANAGEMENT LP, KEITH MEISTER, HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS, LLC, BARBERRY CORP, ICAHN PARTNERS MASTER FUND LP, ICAHN OFFSHORE LP, ICAHN PARTNERS LP, ICAHN ONSHORE LP, ICAHN CAPITAL LP, IPH GP LLC, ICAHN ENTERPRISES HOLDINGS L.P, ICAHN ENTERPRISES GP INC, BECKTON CORP, CARL C. ICAHN reported a ENERGEN CORP shareholding of 7,710,474 shares (7.90% of votes) in a periodic institutional filing.
5 July 2018substantial holder notice● Neutral
CORVEX MANAGEMENT LP, KEITH MEISTER, HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS, LLC, BARBERRY CORP, ICAHN PARTNERS MASTER FUND LP, ICAHN OFFSHORE LP, ICAHN PARTNERS LP, ICAHN ONSHORE LP, ICAHN CAPITAL LP, IPH GP LLC, ICAHN ENTERPRISES HOLDINGS L.P, ICAHN ENTERPRISES GP INC, BECKTON CORP, CARL C. ICAHN reported a ENERGEN CORP shareholding of 7,710,474 shares (7.90% of votes) in a periodic institutional filing.
29 June 2018substantial holder notice● Neutral
CORVEX MANAGEMENT LP, KEITH MEISTER, HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS, LLC, BARBERRY CORP, ICAHN PARTNERS MASTER FUND LP, ICAHN OFFSHORE LP, ICAHN PARTNERS LP, ICAHN ONSHORE LP, ICAHN CAPITAL LP, IPH GP LLC, ICAHN ENTERPRISES HOLDINGS L.P, ICAHN ENTERPRISES GP INC, BECKTON CORP, CARL C. ICAHN reported a ENERGEN CORP shareholding of 7,710,474 shares (7.90% of votes) in a periodic institutional filing.
26 June 2018substantial holder notice● Neutral
CORVEX MANAGEMENT LP, KEITH MEISTER, HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS, LLC, BARBERRY CORP, ICAHN PARTNERS MASTER FUND LP, ICAHN OFFSHORE LP, ICAHN PARTNERS LP, ICAHN ONSHORE LP, ICAHN CAPITAL LP, IPH GP LLC, ICAHN ENTERPRISES HOLDINGS L.P, ICAHN ENTERPRISES GP INC, BECKTON CORP, CARL C. ICAHN reported a ENERGEN CORP shareholding of 7,710,474 shares (7.90% of votes) in a periodic institutional filing.
20 June 2018substantial holder notice● Neutral
CORVEX MANAGEMENT LP, KEITH MEISTER, HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS, LLC, BARBERRY CORP, ICAHN PARTNERS MASTER FUND LP, ICAHN OFFSHORE LP, ICAHN PARTNERS LP, ICAHN ONSHORE LP, ICAHN CAPITAL LP, IPH GP LLC, ICAHN ENTERPRISES HOLDINGS L.P, ICAHN ENTERPRISES GP INC, BECKTON CORP, CARL C. ICAHN reported a ENERGEN CORP shareholding of 7,710,474 shares (7.90% of votes) in a periodic institutional filing.
18 June 2018substantial holder notice● Neutral
CORVEX MANAGEMENT LP, KEITH MEISTER, HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS, LLC, BARBERRY CORP, ICAHN PARTNERS MASTER FUND LP, ICAHN OFFSHORE LP, ICAHN PARTNERS LP, ICAHN ONSHORE LP, ICAHN CAPITAL LP, IPH GP LLC, ICAHN ENTERPRISES HOLDINGS L.P, ICAHN ENTERPRISES GP INC, BECKTON CORP, CARL C. ICAHN reported a ENERGEN CORP shareholding of 8,460,474 shares (8.70% of votes) in a periodic institutional filing.
21 May 2018substantial holder notice● Neutral
CORVEX MANAGEMENT LP, KEITH MEISTER, HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS, LLC, BARBERRY CORP, ICAHN PARTNERS MASTER FUND LP, ICAHN OFFSHORE LP, ICAHN PARTNERS LP, ICAHN ONSHORE LP, ICAHN CAPITAL LP, IPH GP LLC, ICAHN ENTERPRISES HOLDINGS L.P, ICAHN ENTERPRISES GP INC, BECKTON CORP, CARL C. ICAHN reported a ENERGEN CORP shareholding of 8,460,474 shares (8.70% of votes) in a periodic institutional filing.
9 May 2018quarterly activities report● Neutral
ENERGEN CORP reported quarterly revenue of $371.6 million and net income of $68.3 million for the period ended 2018-06-30.
8 May 2018quarterly activities report● Neutral
ENERGEN CORP reported quarterly revenue of $371.6 million and net income of $68.3 million for the period ended 2018-06-30.
8 May 2018agm notice● Neutral
ENERGEN CORP 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).
4 May 2018agm notice● Neutral
ENERGEN CORP 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).