Forest Oil (FST) Completes Distribution of Lone Pine Spin-Off
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Forest Oil Corporation (NYSE: FST) completed the distribution to its shareholders of 70,000,000 shares of common stock of Lone Pine Resources Inc. (NYSE: LPR) (Lone Pine) owned by Forest.
The distribution by Forest of the special stock dividend was made today (the Distribution Date), in the form of a pro rata common stock dividend to all Forest shareholders of record as of the close of business on September 16, 2011 (the Record Date). Forest shareholders received 0.61248511 of a share of Lone Pine common stock for every share of Forest common stock held as of the close of business on the Record Date. In lieu of fractional shares, Forest shareholders will receive a cash distribution.
The distribution by Forest of the special stock dividend was made today (the Distribution Date), in the form of a pro rata common stock dividend to all Forest shareholders of record as of the close of business on September 16, 2011 (the Record Date). Forest shareholders received 0.61248511 of a share of Lone Pine common stock for every share of Forest common stock held as of the close of business on the Record Date. In lieu of fractional shares, Forest shareholders will receive a cash distribution.
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