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E&P energy cos. to combine after both emerged from bankruptcy in recent years

Olivia Pulsinelli
E&P energy cos. to combine after both emerged from bankruptcy in recent years

Houston-based Amplify Energy Corp. (OTCQX: AMPY) and Tulsa, Oklahoma-based Midstates Petroleum Company Inc. (NYSE: MPO) announced an all-stock merger of equals on May 6. The deal is expected to close in the third quarter of 2019, resulting in a Houston-based exploration and production company trading on the New York Stock Exchange under the ticker symbol “AMPY,” according to a press release. More than half of Amplify shareholders and about 36 percent of Midstates shareholders have agreed to vote their shares in favor of the merger, per the release.