Stratic announces closing of plan of Arrangement with EnQuest PLC
Stratic Energy Corporation announces closing of the previously announced plan of arrangement with EnQuest PLC under the Business Corporations Act, which was completed and became effective after close of markets on Friday, November 5 and resulted in EnQuest acquiring all of the issued and outstanding Stratic shares in exchange for ordinary shares of EnQuest on the basis of 0.089626 of an EnQuest share for each Stratic share.
Swiss-based STMicroelectronics says it is negotiating ``exit options'' from ST-Ericsson, its joint venture with Swedish telecommunications company Ericsson.