SANTA FE / SNYDER
|Thursday, May 06, 1999
Santa Fe Energy and Snyder Oil to Merge. The shareholders of both companies overwhelmingly approved the merger of the two companies. The company’s name will be changed to “Santa Fe Snyder Corporation.” Snyder shareholders will receive 2.05 shares of Santa Fe common stock for each share of Snyder stock they own. This will result in Santa Fe shareholders owning sixty percent and Snyder shareholders owning forty percent of Santa Fe Snyder Corporation.