Forest Oil is a Denver-based independent oil and natural gas company focused on the acquisition, exploration, development, and production of oil, natural gas liquids, and natural gas. The Company was founded in northwestern Pennsylvania in 1916, incorporated in 1924, and has traded publicly since 1969. Today, Forest primarily operates in two core regions located in the Eagle Ford Shale in South Texas and the Ark-La-Tex Area of East Texas and North Louisiana. Forest Oil trades on the New York Stock Exchange under the symbol “FST”.
Forest Oil Announces Merger with Sabine Oil & Gas
Forest Oil Announces Agreement with Sabine Oil & Gas to Revise Transaction Structure and Adoption of Shareholder Rights Plan
Forest Oil Corporation (NYSE:FST) (“Forest”) and Sabine Oil & Gas LLC (“Sabine”) announced on May 6, 2014 the signing of a merger agreement under which Sabine and Forest will combine their businesses in an all-stock transaction. The companies announced on July 10, 2014 a new agreement to amend their previously announced merger agreement to protect the interests of their respective shareholders. The revised transaction structure does not change the economic terms of the transaction.