Riviera Resources Announces Final Results of Its Tender Offer
Riviera has accepted for purchase 6,062,179 shares of its common stock at a purchase price of
Based on the final tabulation by American Stock Transfer &
The depositary will promptly issue payment for the shares validly tendered and accepted for purchase and will return all other shares tendered.
Riviera intends to resume share purchases under its previously announced share repurchase program of
D. F. King & Co., Inc. acted as the information agent for the tender offer. Morgan Stanley & Co. LLC acted as dealer manager for the tender offer. American Stock Transfer &
News Release for Informational Purposes Only
This news release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any shares of the Company’s common stock. The offer was made solely by the Offer to Purchase and the related Letter of Transmittal, as amended or supplemented.
Statements made in this press release that are not historical facts are “forward-looking statements.” These statements are based on certain assumptions and expectations made by the Company which reflect management’s experience, estimates and perception of historical trends, current conditions, and anticipated future developments. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or anticipated in the forward-looking statements. These include risks relating to our financial and operational performance and results, low or declining commodity prices and demand for oil, natural gas and natural gas liquids, ability to hedge future production, ability to replace reserves and efficiently develop current reserves, the capacity and utilization of midstream facilities and the regulatory environment. These and other important factors could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Please read “Risk Factors” in the Company’s Registration Statement on Form S-1, Quarterly Report on Form 10-Q and other public filings. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information or future events.
Source: Riviera Resources, Inc.