Western Gas Resources Acquisition FAQs
What will happen to my shares of Western Gas Resources common stock as a result of the acquisition?
As a result of the acquisition, Western Gas Resources common stock is no longer publicly traded. In accordance with the terms of the Agreement and Plan of Merger dated June 22, 2006, Western Gas Resources stockholders are entitled to receive $61 in cash, without interest, for each share of Western Gas common stock.
What if I own my shares through a broker?
If you own common shares through a broker, bank or other nominee, information regarding the exchange of those shares will be furnished to you by that entity.
How will I receive cash for shares I own directly?
You will be contacted by BNY Mellon Shareowners Services, the information and paying agent, who will provide instructions and Letter of Transmittal Form(s) about surrendering your stock certificates. You will receive cash for your shares from the paying agent after you comply with these instructions and complete the Letter of Transmittal Form(s).
If all of your shares are held in book entry form, these shares need not be submitted but the Letter of Transmittal Form(s) must be completed and returned to the paying agent.
You must surrender your certificate(s) before you can receive the cash to which you are entitled.
Do not send your Letter of Transmittal Form(s) and certificates directly to Anadarko Petroleum, as this will only delay your receipt of the cash that you are entitled to receive.
What if I cannot locate all of my Western Gas Resources common stock certificate(s)?
Instructions regarding lost, missing or destroyed stock certificates will be provided in the Letter of Transmittal Form(s) being sent by BNY Mellon Shareowner Services.
Who do I call if I have questions?
Please contact the information and paying agent, BNY Mellon Shareowner Services, at 800-777-3674.
What are the tax consequences for former Western Gas Resources stockholders?
Stockholders are urged to consult with their tax advisors regarding the personal tax consequences of the acquisition, including the effects of United States federal, state and local, foreign and other tax laws. Generally the receipt of the cash payment for each share of common stock will be a taxable transaction for U.S. federal income tax purposes. In general, each stockholder will recognize a taxable gain or loss in the amount of the difference between the merger consideration and the stockholder's adjusted tax basis for each share of Western Gas Resources common stock the stockholder surrenders.
How long will it take BNY Mellon Shareowner Services to send the cash proceeds from the sale of my Western Gas Resources shares?
BNY Mellon will process payments after all documents required to surrender your former shares of Western Gas Resources have been properly executed and received by BNY Mellon. We urge you to act promptly, because your Western Gas Resources certificate(s) now represent only the right to receive the amount of cash to which you are entitled, and no interest will accrue or be paid on such amount.