Dominion Energy Extends Offer to Shareholders of Remington Energy.RICHMOND, Va.--(BUSINESS WIRE)--March 8, 1999--Dominion Energy Inc. announced today that it has mailed to beneficial holders of outstanding shares of Remington Energy Ltd. its cash offer of approximately $34 million (C$50 million), or $1.27 (C$1.90) per share to acquire the company. Including assumed debt, the transaction will have a total value of approximately $261 million (C$390 million). Dominion Energy, a subsidiary of Dominion Resources Dominion NYSE: D (formerly Dominion Resources) is a power and energy company headquartered in Richmond, Virginia, USA, that supplies electricity, natural gas, or other energy services to homes in Virginia, West Virginia, Ohio, Pennsylvania, and eastern North Carolina. Inc. (NYSE NYSE See: New York Stock Exchange :D), announced its plans to purchase the Calgary-based natural gas exploration and production company last week. Dominion Energy's offer is made through DEI Canada Holding Company Inc., a subsidiary of Dominion Energy, which also owns Dominion Energy Canada Ltd., Dominion Energy's existing Canadian natural gas subsidiary. Dominion Energy's offer is open for acceptance by holders of Remington shares until 9:00 p.m. (MST See micro systems technology. ) on March 29, 1999 unless extended by Dominion Energy. Dominion Energy's offer to acquire Remington was mailed to holders of shares of Remington in accordance with the terms of the pre-acquisition agreement entered into between Dominion Energy and Remington on February 23, 1999. Certain directors, officers and other major shareholders of Remington, holding approximately 24.7 percent of shares of Remington, have agreed to tender their shares to Dominion Energy under its offer. Dominion Energy has retained CIBC Wood Gundy CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc. by CIBC. CIBC Wood Gundy is a division of CIBC World Markets. Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Securities Inc. to act as dealer manager for the offer in Canada and CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company Oppenheimer Corp. to act as dealer manager in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . |
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