Under the terms of the merger agreement, Bois d’Arc stockholders will receive $13.65 per share in cash and 0.165 shares of Stone common stock for each share of Bois d’Arc common stock.
Stone reported that 82.6% of its stockholders were represented at the special meeting called to consider approval of issuance of additional shares of its common stock pursuant to the merger agreement.
Approximately 97.3% of the shares represented at the meeting voted in favor of the proposal. Bois d’Arc reported that 92.1% of its stockholders were represented at the special meeting called to consider approval of the merger agreement.
Approximately 99.7% of the shares represented at the meeting voted in favor of the transaction. Stone and Bois d’Arc expect to close the merger on August 28, 2008, subject to customary closing conditions.
