Arbitrage

Contango Announces Private Equity Capital Raise

Retrieved on: 
Monday, November 30, 2020

HOUSTON, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company(NYSE American: MCF) (Contango or the Company) today announced the execution of an agreement with a select group of institutional and accredited investors to sell approximately 14.2 million shares of common stock in a private placement.

Key Points: 
  • HOUSTON, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company(NYSE American: MCF) (Contango or the Company) today announced the execution of an agreement with a select group of institutional and accredited investors to sell approximately 14.2 million shares of common stock in a private placement.
  • The Company expects to receive gross proceeds from the equity capital raise of approximately$22.0 million, which it intends to use to fund the purchase price of the Companys concurrently-announced acquisition of assets in the Big Horn, Permian, and Powder River Basins from an undisclosed seller, and general corporate purposes.
  • Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond Contangos control.
  • Contango does not assume any obligation to update forward-looking statements should circumstances or managements estimates or opinions change, except as required by law.

GAMCO Board Declares Special Dividend of $0.90 Per Share

Retrieved on: 
Monday, November 23, 2020

GAMCO Investors, Inc. (GAMCO) (NYSE: GBL) announced today that its Board of Directors approved a special dividend of $0.90 per share to all of its Class A and Class B shareholders, payable on December 15, 2020 to its shareholders of record on December 4, 2020.

Key Points: 
  • GAMCO Investors, Inc. (GAMCO) (NYSE: GBL) announced today that its Board of Directors approved a special dividend of $0.90 per share to all of its Class A and Class B shareholders, payable on December 15, 2020 to its shareholders of record on December 4, 2020.
  • GAMCO serves a broad client base including institutions, intermediaries, offshore investors, private wealth, and direct retail investors.
  • GAMCO offers a wide range of solutions across Value and Growth Equity, ESG-SRI, Convertibles, sector-focused strategies including Gold and Utilities, Merger Arbitrage, and Fixed Income.
  • In 1977, GAMCO launched its flagship All Cap Value strategy, Gabelli Value, and in 1986 launched its mutual fund business.

Contango Announces Revision to the Schedule for its Third Quarter 2020 Earnings Conference Call

Retrieved on: 
Thursday, November 12, 2020

HOUSTON, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE American: MCF) (Contango or the Company) announced today that it has revised the schedule for its third quarter 2020 earnings release conference call.

Key Points: 
  • HOUSTON, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE American: MCF) (Contango or the Company) announced today that it has revised the schedule for its third quarter 2020 earnings release conference call.
  • In conjunction with the earnings release, Contango will now conduct a conference call to discuss the contents of that release on Monday, November 16, 2020 at 4:00 pm Central Standard Time.
  • Those interested in participating in the earnings conference call may do so by clicking h ere to j oin and entering your information to be connected.
  • The link becomes active 15 minutes prior to the scheduled start time, and the conference coordinator will call you.

NexPoint Merger Arbitrage Fund Named Best Merger Arbitrage Fund at HFM U.S. Performance Awards

Retrieved on: 
Wednesday, November 11, 2020

DALLAS, Nov. 11, 2020 /PRNewswire/ --The NexPoint Merger Arbitrage Fund (the "Fund") was recognized as the top fund in the Merger Arbitrage category at the HFM U.S.

Key Points: 
  • DALLAS, Nov. 11, 2020 /PRNewswire/ --The NexPoint Merger Arbitrage Fund (the "Fund") was recognized as the top fund in the Merger Arbitrage category at the HFM U.S.
  • Performance Awards recognize U.S. fund performance, covering a range of fund strategiesfrom credit and equity, to macro and managed futures.
  • The NexPoint Merger Arbitrage Fund is an open-end mutual fund that seeks to generate positive absolute returns.
  • On August 13, 2020, the Board of Trustees of Highland Funds I, on behalf of the Fund, approved a change of the Fund's name from the "Highland Merger Arbitrage Fund" to the "NexPoint Merger Arbitrage Fund."

Contango Announces Schedule for Third Quarter 2020 Earnings Release and Conference Call

Retrieved on: 
Wednesday, November 11, 2020

HOUSTON, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE American: MCF) (Contango or the Company) announced today that it plans to issue its third quarter 2020 earnings release after market close on Monday, November 16, 2020.

Key Points: 
  • HOUSTON, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE American: MCF) (Contango or the Company) announced today that it plans to issue its third quarter 2020 earnings release after market close on Monday, November 16, 2020.
  • In conjunction with the release, Contango will conduct a conference call to discuss the contents of that release on Monday, November 16, 2020 at 5:00 pm Central Standard Time.
  • Those interested in participating in the earnings conference call may do so by clicking h ere to j oin and entering your information to be connected.
  • The link becomes active 15 minutes prior to the scheduled start time, and the conference coordinator will call you.

2020 Insights into European Customer Experience Outsourcing Services - ResearchAndMarkets.com

Retrieved on: 
Thursday, November 5, 2020

The "European Customer Experience Outsourcing Services, 2020" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "European Customer Experience Outsourcing Services, 2020" report has been added to ResearchAndMarkets.com's offering.
  • The global customer experience (CX) outsourcing services market is challenged by commoditization.
  • Over the years, the focus has shifted from cost and labor arbitrage to customer and agent experience enhancement.
  • In Europe, the CX outsourcing services market has some unique requirements in terms of language and demand for nearshore / onshore capabilities.

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Mid-Con Energy Partners, LP Merger

Retrieved on: 
Wednesday, October 28, 2020

announces that it is investigating Mid-Con Energy Partners, LP (Mid-Con) (NASDAQ GS: MCEP ) regarding possible breaches of fiduciary duties and other violations of law related to Mid-Cons agreement to be acquired by Contango Oil & Gas Company (Contango) (NYSE American: MCF ).

Key Points: 
  • announces that it is investigating Mid-Con Energy Partners, LP (Mid-Con) (NASDAQ GS: MCEP ) regarding possible breaches of fiduciary duties and other violations of law related to Mid-Cons agreement to be acquired by Contango Oil & Gas Company (Contango) (NYSE American: MCF ).
  • Under the terms of the agreement, Mid-Cons shareholders will receive 1.7500 shares of Contango per share.
  • To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-mid-con-energy-partners-lp .
  • You may contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or [email protected] .

MID-CON ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of MCEP and Encourages Investors to Contact the Firm

Retrieved on: 
Tuesday, October 27, 2020

On October 26, 2020, Mid-Con announced that it had signed an agreement to be acquired by Contango in an all-stock transaction.

Key Points: 
  • On October 26, 2020, Mid-Con announced that it had signed an agreement to be acquired by Contango in an all-stock transaction.
  • Pursuant to the merger agreement, Mid-Con stockholders will receive 1.75 shares of Contango common stock for each share of Mid-Con common stock owned.
  • Bragar Eagel & Squire is concerned that Mid-Cons board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Contango Oil & Gas Company and Mid-Con Energy Partners, LP Announce Strategic Merger Continuing Contango’s Consolidation Strategy; Contango Announces Related Increase in Borrowing Base

Retrieved on: 
Monday, October 26, 2020

Contangos senior management team will run the combined company, and Contangos board of directors will remain intact.

Key Points: 
  • Contangos senior management team will run the combined company, and Contangos board of directors will remain intact.
  • The combined company will be headquartered in Fort Worth, TX but will continue to maintain a presence in both the Houston and Oklahoma markets.
  • This combination increases our exposure to long lived oil reserves and is accretive to Contango shareholders.
  • Contango ended the third quarter with $66 million of debt outstanding on its $75 million borrowing base credit facility and approximately $8 million of liquidity.

Contango Announces Private Equity Capital Raise

Retrieved on: 
Monday, October 26, 2020

The Company expects to receive gross proceeds from the equity capital raise of approximately $39.7 million, which it intends to use in connection with the Companys concurrently announced pending merger with Mid-Con Energy Partners, LP, and general corporate purposes, including repayment of debt outstanding under its revolving credit facility.

Key Points: 
  • The Company expects to receive gross proceeds from the equity capital raise of approximately $39.7 million, which it intends to use in connection with the Companys concurrently announced pending merger with Mid-Con Energy Partners, LP, and general corporate purposes, including repayment of debt outstanding under its revolving credit facility.
  • This communication may be deemed to be solicitation material in respect of the proposed merger (the Proposed Merger) between Contango and Mid-Con Energy Partners, LP (Mid-Con).
  • Contango and Mid-Con also intend to file other relevant documents with the SEC regarding the Proposed Merger.
  • Contango assumes no duty to update or revise their respective forward-looking statements based on new information, future events or otherwise.