Amerada Hess Announces Acquisition of Triton Shares
Amerada Hess Corporation announced that in response to its cash tender offer, made through its wholly owned subsidiary, Amerada Hess (Cayman) Limited, to purchase all of the Ordinary Shares of Triton Energy Limited for $45 per share, based on reports from The Bank of New York as Depositary, 63,751,116 Ordinary Shares (including 22,899,985 Ordinary Shares subject to guarantees of delivery) or 99.64% of the outstanding Ordinary Shares of Triton had been validly tendered and not withdrawn as of 12:00 midnight, New York time, on Monday, August 13, 2001, the expiration date of the offer. Amerada Hess (Cayman) has accepted for payment the tendered shares. The shares tendered include Ordinary Shares (subject to guarantees of delivery) issued on the conversion of the Preference Shares of Triton owned by Hicks, Muse, Tate & Furst Incorporated.
As previously announced, Amerada Hess (Cayman) intends to effect a
compulsory acquisition of the remaining Ordinary Shares that are not owned by Amerada Hess, Amerada Hess (Cayman) or any subsidiary of Amerada Hess in accordance with the law of the Cayman Islands as soon as is permitted by the law of the Cayman Islands.