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These excerpts taken from the DVN 10-K filed Feb 27, 2009. Shareholder
Rights Plan
Under Devon’s shareholder rights plan, stockholders have
one-half of one right for each share of common stock held. The
rights become exercisable and separately transferable ten
business days after (a) an announcement that a person has
acquired, or obtained the right to acquire, 15% or more of the
voting shares outstanding, or (b) commencement of a tender
or exchange offer that could result in a person owning 15% or
more of the voting shares outstanding.
Each right entitles its holder (except a holder who is the
acquiring person) to purchase either (a) 1/100 of a share
of Series A Preferred Stock for $185.00, subject to
adjustment or, (b) Devon common stock with a value equal to
twice the exercise price of the right, subject to adjustment to
prevent dilution. In the event of certain merger or asset sale
transactions with another party or transactions that would
increase the equity ownership of a shareholder who then owned
15% or more of Devon, each Devon right will entitle its holder
to purchase securities of the merging or acquiring party with a
value equal to twice the exercise price of the right.
The rights, which have no voting power, expire on
August 17, 2009. The rights may be redeemed by Devon for
$0.01 per right until the rights become exercisable.
Table of Contents
DEVON
ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS —
(Continued)
Shareholder
Rights Plan
Under Devon’s shareholder rights plan, stockholders have
one-half of one right for each share of common stock held. The
rights become exercisable and separately transferable ten
business days after (a) an announcement that a person has
acquired, or obtained the right to acquire, 15% or more of the
voting shares outstanding, or (b) commencement of a tender
or exchange offer that could result in a person owning 15% or
more of the voting shares outstanding.
Each right entitles its holder (except a holder who is the
acquiring person) to purchase either (a) 1/100 of a share
of Series A Preferred Stock for $185.00, subject to
adjustment or, (b) Devon common stock with a value equal to
twice the exercise price of the right, subject to adjustment to
prevent dilution. In the event of certain merger or asset sale
transactions with another party or transactions that would
increase the equity ownership of a shareholder who then owned
15% or more of Devon, each Devon right will entitle its holder
to purchase securities of the merging or acquiring party with a
value equal to twice the exercise price of the right.
The rights, which have no voting power, expire on
August 17, 2009. The rights may be redeemed by Devon for
$0.01 per right until the rights become exercisable.
Table of Contents
DEVON
ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS —
(Continued)
Shareholder Rights Plan Under Devon’s shareholder rights plan, stockholders have one-half of one right for each share of common stock held. The rights become exercisable and separately transferable ten business days after (a) an announcement that a person has acquired, or obtained the right to acquire, 15% or more of the voting shares outstanding, or (b) commencement of a tender or exchange offer that could result in a person owning 15% or more of the voting shares outstanding. Each right entitles its holder (except a holder who is the acquiring person) to purchase either (a) 1/100 of a share of Series A Preferred Stock for $185.00, subject to adjustment or, (b) Devon common stock with a value equal to twice the exercise price of the right, subject to adjustment to prevent dilution. In the event of certain merger or asset sale transactions with another party or transactions that would increase the equity ownership of a shareholder who then owned 15% or more of Devon, each Devon right will entitle its holder to purchase securities of the merging or acquiring party with a value equal to twice the exercise price of the right. The rights, which have no voting power, expire on August 17, 2009. The rights may be redeemed by Devon for $0.01 per right until the rights become exercisable.
Table of ContentsDEVON ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Shareholder Rights Plan Under Devon’s shareholder rights plan, stockholders have one-half of one right for each share of common stock held. The rights become exercisable and separately transferable ten business days after (a) an announcement that a person has acquired, or obtained the right to acquire, 15% or more of the voting shares outstanding, or (b) commencement of a tender or exchange offer that could result in a person owning 15% or more of the voting shares outstanding. Each right entitles its holder (except a holder who is the acquiring person) to purchase either (a) 1/100 of a share of Series A Preferred Stock for $185.00, subject to adjustment or, (b) Devon common stock with a value equal to twice the exercise price of the right, subject to adjustment to prevent dilution. In the event of certain merger or asset sale transactions with another party or transactions that would increase the equity ownership of a shareholder who then owned 15% or more of Devon, each Devon right will entitle its holder to purchase securities of the merging or acquiring party with a value equal to twice the exercise price of the right. The rights, which have no voting power, expire on August 17, 2009. The rights may be redeemed by Devon for $0.01 per right until the rights become exercisable.
Table of ContentsDEVON ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) These excerpts taken from the DVN 10-K filed Jun 9, 2008. Shareholder
Rights Plan
Under Devon’s shareholder rights plan, stockholders have
one-half of one right for each share of common stock held. The
rights become exercisable and separately transferable ten
business days after (a) an announcement that a person has
acquired, or obtained the right to acquire, 15% or more of the
voting shares outstanding, or (b) commencement of a tender
or exchange offer that could result in a person owning 15% or
more of the voting shares outstanding.
Each right entitles its holder (except a holder who is the
acquiring person) to purchase either (a) 1/100 of a share
of Series A Preferred Stock for $185.00, subject to
adjustment or, (b) Devon common stock with a value equal to
twice the exercise price of the right, subject to adjustment to
prevent dilution. In the event of certain merger or asset sale
transactions with another party or transactions that would
increase the equity ownership of a shareholder who then owned
15% or more of Devon, each Devon right will entitle its holder
to purchase securities of the merging or acquiring party with a
value equal to twice the exercise price of the right.
The rights, which have no voting power, expire on
August 17, 2009. The rights may be redeemed by Devon for
$0.01 per right until the rights become exercisable.
Shareholder Rights Plan Under Devon’s shareholder rights plan, stockholders have one-half of one right for each share of common stock held. The rights become exercisable and separately transferable ten business days after (a) an announcement that a person has acquired, or obtained the right to acquire, 15% or more of the voting shares outstanding, or (b) commencement of a tender or exchange offer that could result in a person owning 15% or more of the voting shares outstanding. Each right entitles its holder (except a holder who is the acquiring person) to purchase either (a) 1/100 of a share of Series A Preferred Stock for $185.00, subject to adjustment or, (b) Devon common stock with a value equal to twice the exercise price of the right, subject to adjustment to prevent dilution. In the event of certain merger or asset sale transactions with another party or transactions that would increase the equity ownership of a shareholder who then owned 15% or more of Devon, each Devon right will entitle its holder to purchase securities of the merging or acquiring party with a value equal to twice the exercise price of the right. The rights, which have no voting power, expire on August 17, 2009. The rights may be redeemed by Devon for $0.01 per right until the rights become exercisable. These excerpts taken from the DVN 10-K filed Feb 28, 2008. Shareholder
Rights Plan
Under Devon’s shareholder rights plan, stockholders have
one-half of one right for each share of common stock held. The
rights become exercisable and separately transferable ten
business days after (a) an announcement that a person has
acquired, or obtained the right to acquire, 15% or more of the
voting shares outstanding, or (b) commencement of a tender
or exchange offer that could result in a person owning 15% or
more of the voting shares outstanding.
Each right entitles its holder (except a holder who is the
acquiring person) to purchase either (a) 1/100 of a share
of Series A Preferred Stock for $185.00, subject to
adjustment or, (b) Devon common stock with a value equal to
twice the exercise price of the right, subject to adjustment to
prevent dilution. In the event of certain merger or asset sale
transactions with another party or transactions that would
increase the equity ownership of a shareholder who then owned
15% or more of Devon, each Devon right will entitle its holder
to purchase securities of the merging or acquiring party with a
value equal to twice the exercise price of the right.
The rights, which have no voting power, expire on
August 17, 2009. The rights may be redeemed by Devon for
$0.01 per right until the rights become exercisable.
Shareholder Rights Plan Under Devon’s shareholder rights plan, stockholders have one-half of one right for each share of common stock held. The rights become exercisable and separately transferable ten business days after (a) an announcement that a person has acquired, or obtained the right to acquire, 15% or more of the voting shares outstanding, or (b) commencement of a tender or exchange offer that could result in a person owning 15% or more of the voting shares outstanding. Each right entitles its holder (except a holder who is the acquiring person) to purchase either (a) 1/100 of a share of Series A Preferred Stock for $185.00, subject to adjustment or, (b) Devon common stock with a value equal to twice the exercise price of the right, subject to adjustment to prevent dilution. In the event of certain merger or asset sale transactions with another party or transactions that would increase the equity ownership of a shareholder who then owned 15% or more of Devon, each Devon right will entitle its holder to purchase securities of the merging or acquiring party with a value equal to twice the exercise price of the right. The rights, which have no voting power, expire on August 17, 2009. The rights may be redeemed by Devon for $0.01 per right until the rights become exercisable. This excerpt taken from the DVN 10-K filed Feb 28, 2007. Shareholder
Rights Plan
Under Devon’s shareholder rights plan, stockholders have
one half of one right for each share of common stock held. The
rights become exercisable and separately transferable ten
business days after (a) an announcement that a person has
acquired, or obtained the right to acquire, 15% or more of the
voting shares outstanding, or (b) commencement of a tender
or exchange offer that could result in a person owning 15% or
more of the voting shares outstanding.
Each right entitles its holder (except a holder who is the
acquiring person) to purchase either (a) 1/100 of a share
of Series A Preferred Stock for $185.00, subject to
adjustment or, (b) Devon common stock with a value equal to
twice the exercise price of the right, subject to adjustment to
prevent dilution. In the event of certain merger or asset sale
transactions with another party or transactions which would
increase the equity ownership of a shareholder who then owned
15% or more of Devon, each Devon right will entitle its holder
to purchase securities of the merging or acquiring party with a
value equal to twice the exercise price of the right.
The rights, which have no voting power, expire on
August 17, 2009. The rights may be redeemed by Devon for
$0.01 per right until the rights become exercisable.
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