Jones Energy announces completion of merger with Revolution Resources

first_imgJones 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 Jones Energy completes of Merger with Revolution Resources. (Credit: Akshay93 from Pixabay.) Jones Energy II 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. Source: Company Press Releaselast_img read more

NA struggles as membership falls

first_imgPROBLEMS caused by the NA’s declining membership were highlighted at the conference. Chairman Noel Grout told delegates the NA currently has 804 members, down 51 on the same time last year. The NA is weighing up the future of its bakery training operation due to falling demand, he said. It is currently training 91 bakers with 36 employers, down from 124 trainees last year. Mr Grout said: “The board is committed to training, but if it goes into a loss the board will pull the plug.” Training made a £19,000 profit in 2005, but Mr Grout said various running costs had not been deducted. Mr Grout also told delegates that two staff had been made redundant due to falling membership numbers. And the board will have to consider the future of its headquarters in Ware, Hertfordshire over the next year. Over the year to December 31, 2005, the NA made a £48,362 pre-tax profit, on income of £562,205.last_img read more

Grades: Badgers taking advantage of penalties

first_imgSophomore forward Mark Zengerle had an assist on a goal junior defenseman Justin Schultz scored in Friday night’s 3-3 tie with Minnesota-Duluth.[/media-credit]Herald Sports has been bringing you grades all season long after each football game, rating each unit on a scale of one to five. Here’s a look at how the Wisconsin men’s hockey team fared against No. 1 Minnesota-Duluth after tying game one 3-3 and dropping game two 4-2.Offense – 3.5 out of 5Wisconsin’s offense could not have looked better Friday night in the 3-3 tie. The Badgers jumped ahead early, leading 2-0 after the first period.However, UW didn’t score again until 28 seconds into the third period, when sophomore forward Mark Zengerle centered the puck to junior defenseman Justin Schultz, who was waiting in the slot and simply had to knock in the puck.In game one, the Badgers created 24 shots on goal and followed up in game two with 31.In game two, Wisconsin’s offense started off slow. On the few chances they had through the first two periods, no one could get the puck in the net. As a result, the Badgers went into the third period down 4-0.But in the third, with the aid of a string of UMD penalties, UW had 17 shots on goal and capitalized on two of them, cutting the Bulldogs’ dominating performance to a two-goal game.Defense – 3 out of 5Led by Schultz, the UW defense is generally pretty solid, but in game two a defensive breakdown between defenders Joe Faust and Jake McCabe allowed the Bulldogs to beat the defense and score.Throughout the series, the defense did look strong, but the Badgers ultimately allowed 36 shots on goal Friday night and 29 the following night. Additionally, the Bulldogs also scored seven goals in the process.Goaltending – 2.5 out of 5While both Joel Rumpel and Landon Peterson are freshmen, it definitely did not show this weekend.Rumpel got the start both nights and had a solid game one. The Swift Current, Saskatchewan native made 33 saves and faced two goals that would be hard to stop at any level.But the following night was not a career night for Rumpel. He allowed all four goals UMD scored in game two and was pulled halfway through the second period after the fourth goal. During his 30 minutes minding the net, Rumpel made only 14 saves.Peterson came in and was immediately solid for UW. He also had what was arguably the save of the weekend as he dove across the crease for an amazing glove save, keeping UMD at bay through the rest of the second. Peterson finished with 11 saves throughout the rest of the game.Surprisingly, it was when the Badgers had no one in goal that they were most successful offensively. Wisconsin skated with an empty net for 5:42 to end the game. Consistently having the man advantage, the Badgers were able to stay deep in the Bulldogs’ zone and come away with two goals. On the few occasions UMD got a shot down the ice and really put the game away, they consistently missed the net.Penalty kill – 4.5 out of 5The penalty kill probably had one of its best series of the season. UW skated with a man down a total of nine times over the course of the weekend and UMD only capitalized once with the man advantage in the second period of game two.Power play – 4 out of 5The power play also looked its best all season, but unfortunately for UW, the puck just would not go in. The Badgers went 3 for 15 on the power play. Two of those goals came from freshman forward Brad Navin, the first of his career.last_img read more