{"id":7289,"date":"2008-03-12T00:00:00","date_gmt":"2008-03-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"vaalco-shareholder-calls-for-sale-of-company","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2008\/vaalco-shareholder-calls-for-sale-of-company.html","title":{"rendered":"Vaalco shareholder calls for sale of company"},"content":{"rendered":"<p>Reuters- The largest institutional shareholder of Vaalco Energy Inc has delivered a letter to the oil and natural gas company&#8217;s board calling for the evaluation of strategic alternatives, including a sale of the company. <\/p>\n<p>Nanes Delorme Partners said in the letter filed with the Securities and Exchange Commission late Tuesday that the company&#8217;s stock has underperformed in the past year &quot;in a period that has been extremely favorable to most exploration and production companies.&quot;<\/p>\n<p>The hedge fund, which owns 8 percent of Vaalco&#8217;s shares, has asked that Vaalco retain a top tier investment bank to initiate an open bid process to sell the company to the highest bidder<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/rbssEnergyNews\/idUSN1262977220080312\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- The largest institutional shareholder of Vaalco Energy Inc has delivered a letter to the oil and natural gas company&#8217;s board calling for the evaluation of strategic alternatives, including a sale of the company. Nanes Delorme Partners said in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7289","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7289"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7289\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}