Big Bear launches hostile bid for Blue Range

Article Abstract:

Big Bear Exploration Ltd. has launched a hostile takeover bid for natural gas producer Blue Range Resource Corp. for C$190 million in stock swap deal. Big Bear announced that about 33% of Blue Range shareholders, who are discontented with the current management, have already expressed their support to the bid, which would include the ousting of the management and directors. The offer will be based on the share prices of each company, and include the exchange of 11 Big Bear shares for each share of Blue Ridge, with a value of C$5.72 each.

Comment:

Launches a hostile takeover bid for Blue Range Resource Corp for C$190 million in stock swap deal

Asset sales & divestitures, Natural Gas, Exploratory Oil & Gas Wells, Natural gas exploration, Natural gas wells, Petroleum exploration, Oil wells, Article, Blue Range Resource Corp., Big Bear Exploration Ltd.

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Morgan hands over reins, signals EnCana not for sale

Article Abstract:

Gwyn Morgan announces his retirement as president and chief executive officer of EnCana Corp., who is succeeded by present chief operating officer Randy Eresman. The management succession resolved speculation about sale of EnCana Corp.

Management dynamics, Crude petroleum and natural gas, Executive changes & profiles, Crude Petroleum & Natural Gas, Petroleum refining, Management, Officials and employees, Mergers, acquisitions and divestments, Company acquisition/merger, Petroleum industry, Appointments, resignations and dismissals, Company business management, EnCana Corp., Morgan, Gwyn

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