Core Viewpoint - Adams Resources & Energy, Inc. has received approval from its stockholders for the acquisition by an affiliate of Tres Energy LLC, with stockholders set to receive $38.00 per share in cash [1][2]. Group 1: Acquisition Details - The acquisition was approved at a special meeting where approximately 77% of the outstanding shares were voted, and over 76% of those shares approved the merger [2]. - The merger is expected to close in early February 2025, pending customary closing conditions [2]. Group 2: Company Background - Adams Resources & Energy, Inc. is involved in crude oil marketing, transportation, terminalling and storage, as well as tank truck transportation of liquid chemicals and dry bulk [7]. - The company operates through several subsidiaries, including GulfMark Energy, Inc. and Service Transport Company [7]. Group 3: Tres Energy LLC Background - Tres Energy LLC is a privately held company that invests in and operates strategic energy assets across the United States [8].
Adams Resources & Energy, Inc. Stockholders Approve Acquisition by an Affiliate of Tres Energy LLC