The redemption was announced by the Company in connection with its proposed merger with Kerr-McGee Corporation ("Kerr McGee"). Under the Agreement and Plan of Merger, dated as of April 6, 2004, among the Company, Kerr-McGee and Kerr-McGee (Nevada) LLC, a wholly owned subsidiary of Kerr-McGee, the Company is required to redeem, prior to the effective time of the merger, all of its issued and outstanding shares of Preferred Stock pursuant to the terms of the Certificate of Designations for the Preferred Stock. The proposed merger is expected to close promptly following receipt of approvals by the respective stockholders of Kerr-McGee and Westport at their respective special meetings scheduled for June 25, 2004.
Westport is an independent energy company engaged in oil and natural gas exploitation, acquisition and exploration activities primarily in the Rocky Mountains, Permian Basin/Mid-Continent, Gulf Coast and offshore Gulf of Mexico.
Contact information: Lon McCain or Jonathan Bloomfield at (303) 573-5404.
Important Legal Information
This news release is not an offer to sell the securities of Kerr-McGee Corporation and it is not soliciting an offer to buy these securities.
Investors and security holders are urged to read the definitive joint proxy statement/prospectus regarding the proposed transaction because it contains important information.
Kerr-McGee Corporation has filed a Registration Statement on Form S-4/A with the U.S. Securities and Exchange Commission (SEC) containing a definitive joint proxy statement/prospectus regarding the proposed transaction between Kerr-McGee Corporation and Westport Resources Corporation. Investors and security holders may obtain a free copy of the definitive joint proxy statement/prospectus and other documents filed or furnished by Kerr-McGee or Westport with the SEC. Copies of the definitive joint proxy statement/prospectus and other documents filed or furnished by Kerr-McGee or Westport may also be obtained for free by directing a request to Kerr-McGee Corporation, Attn: Corporate Secretary, P.O. Box 25861, Oklahoma City, Oklahoma 73125 or to Westport Resources Corporation, Attn: Investor Relations, 1670 Broadway, Suite 2800, Denver, Colorado 80202.
Kerr-McGee, Westport and their respective directors and officers may be deemed to be participants in the solicitation of proxies with respect to the proposed transaction involving Kerr-McGee and Westport. Information regarding Kerr-McGee's and Westport's respective directors and officers and a description of their direct and indirect interests, by security holdings or otherwise, is available in the definitive joint proxy statement/prospectus contained in the above referenced Registration Statement on Form S-4/A filed with the SEC on May 18, 2004.
Most Popular Articles