Venoco, Inc. Announces Stockholder Approval of Go-Private Agreement
June 05 2012 - 9:53AM
Marketwired
Venoco, Inc. (NYSE: VQ) announced the results of a special meeting
of shareholders held today to consider and vote on a proposal to
adopt and approve the merger agreement dated as of January 16,
2012, between the company and Timothy M. Marquez, Venoco's chairman
and CEO, and certain entities affiliated with Mr. Marquez (the
Proposal). A majority of all outstanding shares and a majority of
the outstanding shares not owned by Mr. Marquez and his affiliates
or by any director, officer or employee of Venoco or its
subsidiaries voted in favor of the adoption of the Proposal.
Completion of the transaction is subject to a financing condition
and customary closing conditions.
About the Company
Venoco is an independent energy company engaged in the
acquisition, exploitation and development of oil and natural gas
properties primarily in California. Venoco operates three offshore
platforms in the Santa Barbara Channel, has non-operated interests
in three other platforms, operates three onshore properties in
Southern California, and has extensive operations in Northern
California's Sacramento Basin.
For further information, please contact Mike Edwards Vice
President (303) 626-8320 http://www.venocoinc.com E-Mail Email
Contact
Venoco, Inc. (NYSE:VQ)
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