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.
