Today issued the following statement in response to press releases issued by Horizon Partners on September 13 and 14 concerning TransGlobe's unanimously recommended all-share business combination with VAALCO Energy, Inc. While TransGlobe welcomes constructive strategic input focused on enhancing shareholder value, TransGlobe firmly believes the assertions in Horizon's press release to be selective and misleading in its presentation of the facts. The Company therefore recommends that shareholders disregard Horizon's claims and the TransGlobe Board of Directors continues to unanimously recommend that shareholders vote FOR the Proposed Transaction. TransGlobe Energy Corporation shares T.TGL are trading unchanged at $4.07.
Stocks in play: TransGlobe Energy Corporation
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