Venoco Takeover Offer
Venoco Takeover OfferOn August 29, 2011 Venoco (NYSE: VQ) received an offer from Chairman/CEO Timothy M. Marquez to take the company private at $12.50 per share.
Marquez is the holder of approximately 50.3% of Venoco's outstanding common stock.
The offer comes at a 39 percent premium to Friday's close.
Venoco's board is in the process of forming a special committee of independent directors to consider the proposal.
Marquez is the holder of approximately 50.3% of Venoco's outstanding common stock.
The offer comes at a 39 percent premium to Friday's close.
Venoco's board is in the process of forming a special committee of independent directors to consider the proposal.
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Unusual 11 Midday Movers 01/17: (CNVO) (VQ) (PVX) Higher; (CBRX) (KGC) (RRD) Lower
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Morning Movers 01/17: (CNVO) (VQ) (BVSN) (PVX) (TSLA) Higher; (KGC) (RRD) (CCL) Lower
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Notable Mergers and Acquisitions of the Day 1/17: [(CNVO)/BLKB) (ISTA)/(VRX) (VQ)]
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Venoco (VQ) Enters $12.50/Share 'Go Private' Deal with CEO, Majority Shareholders
