Concho Rsp Merger Agreement


Pursuant to the terms of the final merger agreement, shareholders of RSP 0.320 will receive common shares of Concho in exchange for each of the common shares of the RSP, which corresponds to a consideration of $50.24 per share for each shareholder of the RSP, based on the closing price of concho`s common shares on March 27. To access the live-webcast and see the presentation of the call, visit concho`s website at www.concho.com. The registration will also be available on Concho`s website under the heading “Investors”. Pursuant to the terms of the final merger agreement, shareholders of RSP 0.320 will receive common shares of Concho in exchange for each of the common shares of the RSP, which is equivalent to consideration of $50.24 per share for each shareholder of the RSP, based on the closing price of concho`s common shares on March 27, 2018. Mergers and acquisitions of companies in the shale field have been rare since oil prices plummeted in 2014, although there have been significant land purchases by Exxon Mobil Corp, Oasis Petroleum Inc and others. That could soon change, analysts say, as crude prices exceed 64 $US a barrel. Investors and security holders may receive free copies of the registration statement and joint proxy statement (if available) as well as any other documents that have been or will be filed by Concho or RSP with the SEC, via the SEC`s website at www.sec.gov. . . .