Clearing House Advisory Notices
To | Clearing Member Firms
From | Clearing House Department
Subject | CORPORATE EVENT: Kerr-McGee (KMG) Anticipated Cash Settlement 8/11/06
Notice Date | 2006-08-08
Notice Number | 06-191
Effective Date | 2006-08-11
Kerr-McGee Corp. (KMG) – Anticipated Cash Settlement. The effective date may be as soon as August 11, 2006. On August 10, 2006, shareholders will vote concerning the proposed merger with a subsidiary of Anadarko Petroleum Corporation (APC). If the merger is approved and consummated, each existing KMG common share will be converted into the right to receive $70.50 net cash per share. This corporate action will be coordinated with the Options Clearing Corporation. For the full text of this advisory . . .