Privately held Cox Oil announced the completion of the merger between affiliates of Cox and Energy XXI Gulf Coast, Inc. (NASDAQ: EGC), following the receipt of all required regulatory approvals and the satisfaction of all conditions to the merger agreement.

Under the terms of the transaction, effective October 18, 2018, Cox acquired all outstanding shares of EGC common stock for $9.10 per fully diluted share in cash, for a total consideration of approximately $322 million.

This represents a 21% premium to EGC’s closing share price on June...

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