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Carbon Energy shareholders to discuss Evergreen merger

Carbon Energy Corp., which has operations in the Uinta Basin, will have a special shareholders meeting Oct. 28 for a vote on a proposed merger with Evergreen Resources Inc.

The meeting will be in Carbon's main offices in Denver.

Under the merger agreement, Carbon will merge with a subsidiary of Evergreen, and Carbon shareholders will receive 0.55 shares of Evergreen common stock for each outstanding share of Carbon common stock. As a result of the merger, Carbon will become a wholly owned subsidiary of Evergreen.

The boards of both companies have unanimously approved the merger agreement.

In addition to the Uinta Basin, Carbon has operations in Colorado and central Alberta.