22 July 2005listing compliance notice▼ BadMajor
MAGNUM HUNTER RESOURCES INC deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 June 2005listing compliance notice▼ BadMajor
MAGNUM HUNTER RESOURCES INC terminated the registration of a class of securities, ending its reporting obligation for them.
9 June 2005listing compliance notice▼ BadMajor
MAGNUM HUNTER RESOURCES INC's securities were notified for removal from listing and registration on its exchange.
8 June 2005business combination▲ GoodMajor
The Cimarex merger closed on June 7, 2005 at the same 0.415-share ratio agreed in January: Magnum Hunter became a wholly-owned Cimarex subsidiary, its board and executive team were replaced entirely by Cimarex's own officers, and the combined company is headquartered in Denver -- ending Magnum Hunter's run as an independent, separately-traded company.
25 May 2005capital raising announcement● Neutral
Magnum Hunter's subsidiary Canvasback Energy converted 1 million shares of 1996 Series A Preferred Stock into about 1.9 million common shares, a routine capital-structure cleanup ahead of the pending Cimarex merger.
6 May 2005business combination● NeutralMajor
Magnum Hunter and Cimarex sent shareholders the final joint proxy statement for the all-stock Cimarex merger, with both companies' votes set for June 6, 2005. Each Magnum Hunter share would be cancelled and converted into 0.415 of a Cimarex share, and the Series A preferred stock into 20 Cimarex shares in total; the merger agreement was amended twice since January (Feb 18 and Apr 20, 2005). Approval needs a majority of Magnum Hunter's outstanding common shares, and Magnum Hunter's board unanimously recommends voting for it. The filing is signed by Richard R. Frazier as Magnum Hunter's President and CEO, which differs from the Gary C. Evans listed in earlier context.
23 Mar 2005listing compliance notice▼ BadMajor
MAGNUM HUNTER RESOURCES INC's securities were notified for removal from listing and registration on its exchange.
28 Jan 2005material agreement▲ GoodMajor
The Cimarex deal's terms were set: Magnum Hunter shareholders will get 0.415 Cimarex shares per share, valuing the stock at about $1.5 billion (roughly $2.1 billion including Magnum Hunter's $645 million of assumed debt); Magnum Hunter also amended its shareholder-rights plan so the poison pill wouldn't block the merger.
26 Jan 2005business combination▲ GoodMajor
Magnum Hunter announced that it had entered a definitive agreement and plan of merger with Cimarex Energy Co. and its subsidiary Cimarex Nevada Acquisition Co., under which Cimarex would acquire the company.
12 Apr 2004listing compliance notice▼ BadMajor
MAGNUM HUNTER RESOURCES INC's securities were notified for removal from listing and registration on its exchange.
6 Nov 2002listing compliance notice▼ BadMajor
MAGNUM HUNTER RESOURCES INC's securities were notified for removal from listing and registration on its exchange.
3 July 2002business combination● Neutral
Magnum Hunter filed to register an exchange offer for its $300 million of 9.60% senior notes due 2012, which it originally issued on March 15, 2002. Holders of the unregistered notes can swap them for registered notes with substantially the same terms, and Magnum Hunter receives no proceeds. Interest is paid March 15 and September 15, and certain subsidiaries (including Prize-related entities such as Prize Operating Company) guarantee the notes. The filing refers to the Prize merger in its forward-looking statements; the text provided does not state whether the merger had closed. This is a routine step following the private note placement, not new borrowing.
21 June 2002listing compliance notice▲ GoodMajor
the New York Stock Exchange certified MAGNUM HUNTER RESOURCES INC's securities for listing, clearing them to begin trading.
27 Mar 2002listing compliance notice▲ GoodMajor
the American Stock Exchange certified MAGNUM HUNTER RESOURCES INC's securities for listing, clearing them to begin trading.
7 Feb 2002business combination● NeutralMajor
Amendment No. 2 to the Prize merger registration statement sets the dates: both companies' shareholders vote at special meetings on March 13, 2002, with the proxy document dated February 8, 2002 and to be mailed around February 11, 2002 to holders of record as of February 7, 2002. The deal terms are unchanged (2.5 Magnum Hunter shares plus $0.25 to $5.25 cash per Prize share, 52%/48% ownership, Gary C. Evans as combined CEO). Shareholders now have a concrete vote date.
5 Feb 2002business combination● Neutral
Amendment No. 1 to the Prize merger registration statement keeps the same terms (2.5 Magnum Hunter shares plus $0.25 to $5.25 cash per Prize share, $24.00 target value, 52%/48% ownership). It raises the maximum registered shares to 37,000,000 and updates the fee calculation using a $21.00 Prize share price as of January 30, 2002. It also names the venue for the Magnum Hunter shareholder meeting (Omni Park West Hotel, Dallas), though the meeting date is still blank.
15 Jan 2002business combination● NeutralMajor
Magnum Hunter filed the registration statement for the Prize Energy merger announced in December 2001. Each Prize share converts into 2.5 Magnum Hunter shares plus $0.25 to $5.25 in cash, targeting $24.00 of value per share while Magnum Hunter's deal-defined share value is between $7.50 and $9.50. Magnum Hunter holders would own about 52% of the combined company and Prize holders 48% (not counting options and warrants). The board would be seven Magnum Hunter and two Prize directors, with Gary C. Evans staying chairman, president and CEO. Up to 33,915,036 new shares are registered. Shareholders must approve the share issuance; a separate vote on raising authorized shares to 200,000,000 is not required for the merger to close. This is a preliminary filing: meeting date and mailing date are blank. It moves the Prize deal forward and slightly refines the ownership split (about 52/48, versus 'just over half' earlier).
27 Dec 2001business combination▲ GoodMajor
Magnum Hunter agreed to merge with Prize Energy Corp in a stock-and-cash deal (about $24.00 per Prize share, roughly $1.2 billion combined enterprise value), with Magnum Hunter shareholders retaining just over half of the combined company.
16 May 2001drilling progress report▲ Good
Magnum Hunter issued 2001-2002 production and financial guidance: output growing from about 82 to 120 MMcfe/day, with projected 2001 EBITDA of $144 million and net income of $52 million.