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Stock Market & Financial Investment News

News Breaks
May 12, 2014
05:57 EDTFSTForest Oil upgraded to Neutral from Underperform at Macquarie
Macquarie upgraded Forest Oil to Neutral citing limited downside following the company's merger announcement with Sabine Oil & Gas. The firm has a $2.25 price target for shares.
News For FST From The Last 14 Days
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October 20, 2014
07:09 EDTFSTForest Oil announces commencement of proxy mailing
Forest Oil Corporation will commence mailing definitive proxy materials today in connection with the meeting to Forest shareholders for the purpose of voting on the previously announced business combination transaction between Sabine Oil & Gas LLC and Forest. Today’s action follows completion of the Securities and Exchange Commission review process last week. Forest has scheduled the special meeting of shareholders for November 20, 2014, to consider and vote on the proposed merger agreement with Sabine. Forest shareholders of record at the close of business on October 3, 2014, the record date, are entitled to notice of, and to vote at, the Forest special meeting. Closing of the transaction is subject to approval of shareholders of Forest, necessary regulatory approvals and other closing conditions. If approved, Forest anticipates the transaction to close in 2014.

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