A January 30 deadline has been set by Chesapeake Energy Corporation and WildHorse Resource Development Corporation regarding shareholders.
Chesapeake is in the process of acquiring WildHorse in a $4 billion deal. The election deadline is for record holders of shares of WildHorse’s common stock to decide the form of merger consideration they want to receive. It is set for 4 p.m. Central Time on the 30th and is based on an expected completion date of Feb. 1, 2019.
The announcement by the two companies indicated an election will be valid only if a properly completed and signed election form, along with all required documents and materials set forth in the election form is received by EQ Shareowner Services. EQ is the exchange agent.
The shareholder deadline does not impact the deadline for WildHorse common stockholders to vote on the merger agreement which will be considered at a special meeting of stockholders on Jan. 31.