Harvest Trust vote favors takeover by KNOC

Voting shareholders of Harvest Energy Trust, Calgary, were 90.5% in favor of the trust’s acquisition by Korea National Oil Corp. (OGJ Online, Nov. 2, 2009).

Dec 16th, 2009

By OGJ editors
HOUSTON, Dec. 16 -- Voting shareholders of Harvest Energy Trust, Calgary, were 90.5% in favor of the trust’s acquisition by Korea National Oil Corp. (OGJ Online, Nov. 2, 2009).

Application to the Court of Queen’s Bench of Alberta is to be made Dec. 16 for a final order of approval. Competition Bureau of Canada approved the deal, and closing remains subject to satisfaction of other conditions, including approval under the Investment Canada Act.

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