Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Copper Tip Energy Services
Vista Projects
Copper Tip Energy
Vista Projects


Jones Energy Announces Completion of Merger with Revolution Resources


These translations are done via Google Translate
Jones-Logo-HZL-4C.jpg
Source: Jones Energy, Inc.

AUSTIN, Texas, Jan. 07, 2020 (GLOBE NEWSWIRE) — Jones Energy II, Inc. (OTC: JEII) (“Jones Energy” or the “Company”) today announced that it has completed its previously announced merger with Revolution II WI Holding Company, LLC (“Revolution”), an affiliate of Mountain Capital Partners, LP, for aggregate consideration of $201,500,000. Under the terms of the merger agreement, Jones Energy stockholders will receive approximately $14.0624 in cash for each share of Jones Energy Class A common stock, each unit of Jones Energy Holdings II, LLC or each Jones Energy restricted stock unit they own, as applicable, without any interest, less any required withholding taxes. The final consideration of approximately $14.0624 per share reflects the inclusion of all of the Company’s outstanding equity securities entitled to receive the merger consideration as of the closing date and replaces the previously estimated per share price of approximately $14.11. Following the closing, the Company is now a wholly-owned subsidiary of Revolution.

In order to receive the merger consideration to which stockholders are entitled, stockholders will need to complete, execute and deliver a letter of transmittal and certain other documents to the exchange agent, American Stock Transfer & Trust Company, LLC.  An information statement about the merger, the letter of transmittal and the other required documents will be mailed to stockholders on or about January 14, 2020. If you have any questions, please contact the Information Agent, D.F. King, at [email protected] or 800-864-1460 (Toll-Free).

Evercore Group LLC and TD Securities served as financial advisors to Jones Energy, and Baker Botts L.L.P served as its legal counsel. Kirkland & Ellis LLP served as legal counsel for Revolution.

GLJ
Entelec Conference and Expo 2024
ROO.AI Oil and Gas Field Service Software

About Jones Energy
Jones Energy is an independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Anadarko basin of Oklahoma and Texas. Additional information about Jones Energy may be found on the Company’s website at: www.jonesenergy.com.

About Revolution
Revolution is an Oklahoma City based, independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Mid-Continent region of the United States. Revolution is an affiliate of Mountain Capital Partners, LP, an energy focused private equity fund based in Houston, Texas with approximately $1.0 billion in assets under management.



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE