After a take-over bid for InterOil (NYSE:IOC) by OilSearch (OSH) was topped by Exxon (NYSE:XON), even paying the $60M fine on behalf of InterOil to OilSearch. The InterOil board proposed shareholders to accept the Exxon offer, as they had done with the OilSearch offer.
Shareholders approved with roughly 80% of the shares voted (the latter amounted to 72% of outstanding shares), with the notable exception of founder and former InterOil CEO Phil Mulacek and roughly 10% of the shares dissented with Mulacek.
The Exxon deal
$45 per InterOil share in shares Exxon. A Contingent Resource Payment (NYSE:CRP) of $7.07 per share for every Tcfe of gas above 6.2Tcfe but capped at 10Tcfe and a maximum of $26.87 a share.
Yukon Appeals Court
While the deal was approved after a fairness hearing, Mulacek (after blasting the deal as vastly inadequate earlier) appealed and on November 4 the Court of Appeal allowed the appeal and effectively denied the approval of the Exxon takeover. You can read that appeal’s verdict in its entirety here.
stock market shares: WashingtonFirst Bankshares Inc(WFBI)
- [By WWW.GURUFOCUS.COM]
For the details of CASTLE CREEK CAPITAL PARTNERS IV, LP’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=CASTLE+CREEK+CAPITAL+PARTNERS+IV%2C+LP
These are the top 5 holdings of CASTLE CREEK CAPITAL PARTNERS IV, LPGuaranty Bancorp (GBNK) – 1,448,849 shares, 39.1% of the total portfolio. MBT Financial Corp (MBTF) – 1,876,423 shares, 23.6% of the total portfolio. WashingtonFirst Bankshares Inc (WFBI) – 489,377 shares, 15.19% of the total portfolio. Shares added by 4558.07%Eastern Virginia Bankshares Inc (EVBS) – 1,061,225 shares, 12.33% of the total portfolio. First NBC Bank Holding Co (FNBC) – 2,205,382 shares, 9.78% of the total portfolio. Added: Wa
stock market shares: AFC Enterprises Inc.(AFCE)
- [By AnnaLisa Kraft]
AFC Enterprises (NASDAQ: AFCE ) , which owns the Popeye’s Louisiana Kitchen quick- serve chain, once an undiscovered gem, has now soared 66% over the last year.
stock market shares: On Assignment Inc.(ASGN)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewslettersuggested suggested small cap employment services stockOn Assignment, Inc (NYSE: ASGN) as a short trade thats already turned profitable for us:
stock market shares: Brookline Bancorp Inc.(BRKL)
- [By Dividends4Life]
Memberships and Peers: PBCT is a member of the S&P 500 and a member of the Broad Dividend Achievers Index. The company’s peer group includes: Bank of America Corporation (BAC) with a 0.3% yield, Brookline Bancorp, Inc. (BRKL) with a 3.7% yield and Westfield Financial Inc. (WFD) with a 3.5% yield.