TransAtlantic announces Stream Oil & Gas shareholder approval of merger TransAtlantic Petroleum announced that shareholders of Stream Oil & Gas approved the merger with TransAtlantic at a special meeting of shareholders. The merger was approved by 98.0% of the votes cast by Stream shareholders. The transaction was previously approved by the boards of both companies. TransAtlantic will acquire 100% of Stream's 66.89M outstanding common shares for total consideration of 3.8M TransAtlantic common shares, or 0.05657 of a TransAtlantic common share per share of Stream. The Arrangement Agreement provides that 85% of the value of each Stream common share, or 0.04812 of a common share of TransAtlantic, will be issued at closing and an additional 15% of the value of each Stream common share, or 0.00845 of a common share of TransAtlantic, will be issued in the event that certain amendments to Stream's Albanian license agreements are received within nine months of the closing date. The transaction is expected to close on November 18. The merger is subject to the receipt of court approvals and other customary closing conditions.