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Apache (APA) Issues Prelim. Results of Merger Consideration with Mariner (ME)

November 9, 2010 9:56 AM EST
APA Hot Sheet
Overall Analyst Rating:
    BUY (Down Down)

Dividend Yield: 0.7%
Apache (NYSE: APA) announces preliminary results of merger consideration with Mariner Energy (NYSE: ME): says 85.7 million shares, or 82.9% of Mariner shares, made the elections of Nov. 8, says those electing mix to get $7.80/share in cash and 0.17034 shares of Apache common stock for each share of Mariner.

NOTE: Mariner shares are currently halted.


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