Coho Energy, Inc. Considers a Restructure of Agreement with HM4 Coho L.P.DALLAS--(BUSINESS WIRE)--Dec. 15, 1998--Coho Energy, Inc. (Nasdaq:COHO) announced today that it is considering a restructure of its previously announced agreement with HM4 Coho L.P., a partnership managed by Hicks Hicks , Edward 1780-1849. American painter of primitive works, notably The Peaceable Kingdom, of which nearly 100 versions exist. , Muse, Tate & Furst, Inc. ("Hicks, Muse"), to reflect an increase in the number of shares that the Company would issue for the previously agreed total purchase price of $250 million. While the total consideration would remain unchanged, the price-per-share would decrease from $6 to $4, giving Hicks, Muse a total ownership interest in the Company of 71%, as opposed op·pose v. op·posed, op·pos·ing, op·pos·es v.tr. 1. To be in contention or conflict with: oppose the enemy force. 2. to the previously agreed 62%. Any such revision (programming) revision - A release of a piece of software which is not a major release or a bugfix, but only introduces small changes or new features. would be subject to the negotiation, execution and delivery of final documentation, board approval, satisfactory financing arrangements and the delivery of a fairness opinion Fairness Opinion A report put together by qualified analysts or advisors providing to key decision makers an evaluation of and facts about a merger or acquisition. Notes: A fairness opinion serves as a document used for guidance in a merger, takeover, or acquisition. . The closing of any restructured transaction and issuance of common stock will be subject to shareholder approval. The Company is considering the new transaction and other options following Hicks, Muse's advising the Company late Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant afternoon that it will not close the transaction as currently structured. The Company cannot predict the final terms of any restructured agreement of if any acceptable restructured agreement can be reached. |
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