Printer Friendly

Apache Extends Program For Odd-Lot Shareholders

HOUSTON, Nov. 25 /PRNewswire/ -- Apache Corporation (NYSE: APA) today announced that it has extended its voluntary purchase/sale program for odd-lot shareholders through December 13, 1996. The program enables Apache shareholders owning fewer than 100 shares of the company's common stock as of October 18, 1996, either to purchase enough additional stock to reach 100 shares or to sell their holdings completely.

The program is being conducted exclusively through the mail. Participants will pay a processing fee of 75 cents for each share purchased or sold. Shares submitted for sale will first be matched to purchase requests; unmatched shares will be bought by Apache and added to its shares held in treasury. If more shares are purchased by odd-lot shareholders than sold, the unmatched purchases will be covered by shares bought in the open market by Apache's agent. The closing price of Apache stock as reported in the November 21 edition of The Wall Street Journal was $37 per share.

Program material relative to this extension is being mailed today by Shareholder Communications Corporation, the program manager.

Apache Corporation is a large gas and oil independent with operations in North America and abroad. Its shares are traded on the New York and Chicago stock exchanges.

SOURCE Apache Corporation
 -0- 11/25/96


/CONTACT: Media: John Kelso, 713-296-6155 or Investor: Robert Dye, 713-296-6662/

(APA)

CO: Apache Corporation ST: Texas IN: OIL SU:

TT -- LAM035 -- 3683 11/25/96 11:28 EST http://www.prnewswire.com
COPYRIGHT 1996 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 25, 1996
Words:244
Previous Article:Pharmacia & Upjohn Declares Quarterly Dividend
Next Article:Exxon Affiliate To Install Two More Platforms Offshore Malaysia
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters