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Revolution Resources to Acquire Jones Energy

Gasoil News - Published on Tue, 10 Dec 2019

Image Source: Jones Energy
Jones Energy II Inc announced that it has entered into a definitive merger agreement to be acquired by Revolution II WI Holding Company LLC, an affiliate of Mountain Capital Partners LP, in an all-cash transaction valued at approximately USD 201.5 million. Under the terms of the merger agreement, which has been unanimously approved by the Jones Energy Board of Directors and a majority of the Jones Energy stockholders, Jones Energy stockholders will receive approximately USD 14.11 in cash for each share of Jones Energy Class A common stock or each unit of Jones Energy Holdings II LLC they own, as applicable. The transaction is expected to close in the first quarter of 2020.

Evercore and TD Securities (USA) LLC are serving as financial advisors to Jones Energy, and Baker Botts LLP is serving as its legal counsel. Kirkland & Ellis LLP is serving as legal counsel for Revolution.

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.

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Posted By : Yogender Pancholi on Tue, 10 Dec 2019
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