Talos Energy announces Stone Energy stockholder approval of merger
Talos Energy and Stone Energy report that a majority of the stockholders of Stone Energy have approved the previously announced transaction agreement.
HOUSTON and LAFAYETTE – Talos Energy LLC and Stone Energy Corp. report that a majority of the stockholders of Stone Energy have approved and adopted the previously announced transaction agreement under which Talos and Stone will combine in an all-stock transaction.
As a result, no further action by any Stone stockholder is required under applicable law or otherwise to adopt the transaction agreement.
Subject to satisfaction or waiver of the remaining customary closing conditions in the transaction agreement, the transaction is expected to close on or about May 10, 2018, at which time the common stock of Stone will cease to be traded on the New York Stock Exchange. The combined company will be named Talos Energy Inc.