Tender Offers for ADAMS RESOURCES & ENERGY, INC.

Form Type: DEFM14A

Filing Date: 2024-12-20

Corporate Action: Tender-offer

Type: New

Accession Number: 000121390024111223

Comments: On December 20, 2024, Adams Resources & Energy, Inc. filed a definitive proxy statement, indicating a proposed merger agreement entered into with Tres Energy LLC and ARE Acquisition Corporation. The merger would result in the common stock of Adams being converted into cash at $38.00 per share. The company plans to hold a virtual special meeting for stockholders on January 29, 2025, to vote on the merger agreement. Stockholders must approve the merger to complete it. The statement emphasizes the importance of voting, either virtually or via proxy, to ensure shares are represented. The Adams Board of Directors recommends a vote in favor of the merger and related compensation for executive officers. Stockholders are reminded of their appraisal rights if they do not vote in favor of the merger. The document outlines detailed voting procedures, the importance of early voting, and the items up for vote at the special meeting, including potential delays if sufficient votes are not acquired.

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