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Abraxas Petroleum Corporation Files Preliminary Proxy Statement for Merger with Abraxas Energy Partners, L.P.

Publication: Business Wire
Publication Date: 10-JUL-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
SAN ANTONIO -- Abraxas Petroleum Corporation (NASDAQ:AXAS) ("Abraxas Petroleum") today announced that it has filed a preliminary proxy statement with the Securities and Exchange Commission ("SEC") for a special meeting of stockholders ("Special Meeting") to be held to vote on Abraxas Petroleum's pending merger with Abraxas Energy Partners, L.P. ("Abraxas Energy") and the transactions contemplated thereby.

As previously announced on June 30, 2009, Abraxas Petroleum entered into a definitive merger agreement with Abraxas Energy ("Merger Agreement"), pursuant to which Abraxas Energy will merge with and into Abraxas Petroleum, and that holders of 96% of the common units of Abraxas Energy not held by a wholly-owned subsidiary of Abraxas Petroleum have executed a voting, registration rights and lock-up agreement ("Voting Agreement") with Abraxas Petroleum and Abraxas Energy.

The Merger Agreement provides that each outstanding common unit of Abraxas Energy...

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