“We look forward to welcoming the highly-talented employees from Atlas Energy into the Chevron family,” says Chevron Vice Chairman. Atlas Energy Inc.’s shareholders have approved the pending merger between Atlas Energy and Chevron Corp. Atlas noted the proposal to approve the merger was supported at a special meeting of shareholders by approximately 99.7% of the…
Chevron To Acquire Atlas Energy
Chevron Corp. is acquiring Atlas Energy for $3.2 billion in cash and assumed pro forma net debt of approximately $1.1 billion. The acquisition will provide Chevron with an attractive natural gas resource position primarily located in southwestern Pennsylvania’s Marcellus Shale. The acquisition is subject to certain Atlas Energy restructuring transactions, approval by Atlas Energy shareholders…