Bois d'Arc Energy, Inc. and Stone Energy Corporation today reported that their respective stockholders have voted to approve the previously announced merger in which Stone will acquire Bois d'Arc. Under the terms of the merger agreement, Bois d'Arc stockholders are receiving $13.65 in cash per share and 0.165 shares of Stone common stock for each share of Bois d'Arc common stock.
Bois d'Arc reported that 92.1% of its stockholders were represented at the special meeting called to vote upon the proposed merger. 99.7% of the shares represented at the meeting voted in favor of the transaction. Stone reported that 82.6% of its stockholders were represented at the special meeting called to vote upon the proposed merger. 97.3% of the shares represented at the Stone meeting voted in favor of the transaction. The transaction is expected to close on August 28, 2008.
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