Penn Virginia GP Holdings Completes Merger with PVR

Source: www.gulfoilandgas.com 3/11/2011, Location: North America

Penn Virginia Resource Partners, L.P. (PVR) and Penn Virginia GP Holdings, L.P. (PVG) announced the successful completion of their merger. The trading of PVG common units on the New York Stock Exchange was discontinued before the opening of the market. The PVR common units will continue to be traded on the New York Stock Exchange under the ticker symbol "PVR".

As a result of the merger, PVG unitholders will be entitled to receive 0.98 PVR common units for each PVG common unit. Cash will be paid to PVG unitholders in lieu of any fractional units that would have resulted from the exchange. The holders of PVR common units will continue to own their existing units.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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