Apache Completes Merger With Mariner Energy

Apache Corporation today announced that it has completed its merger with Mariner Energy.
The merger closed today following its approval by Mariner's stockholders and subsequent completion of documentation. Apache issued approximately 17.5 million shares of its common stock and paid approximately $800 million in cash to Mariner stockholders. Apache also assumed Mariner's debt with current fair value of approximately $1.6 billion.  As a result of the merger, former Mariner stockholders own approximately 5 percent of Apache's outstanding shares of common stock.  
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Source: PR Newswire