NGAS (NGAS) Pops on $150M Mixed Shelf Withdrawal
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NGAS Resources Inc. (Nasdaq: NGAS) shares are seeing a little life today, following the submission of a filing with the U.S. SEC that they are withdrawing their $150 million mixed equities and debt shelf registration.
NGAS has entered an agreement to be acquired by Magnum Hunter (NYSE: MHP) in a $98 million all-stock transaction.
Shares are up 8% this morning.
NGAS has entered an agreement to be acquired by Magnum Hunter (NYSE: MHP) in a $98 million all-stock transaction.
Shares are up 8% this morning.
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