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April 30, 2008
Stone Energy To Buy Bois d’Arc for $1.8B

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Stone Energy Corp., Lafayette, La., (NYSE: SGY) plans to acquire Bois d'Arc Energy Inc., Houston, (NYSE: BDE) a subsidiary of Comstock Resources Inc., Frisco, Texas, (NYSE: CRK) for approximately $1.8 billion.


Stone will pay $13.65 in cash and 0.165 share per Bois d'Arc share for a total value of $24.85 per Bois d’Arc share.


Following the sale, Stone stockholders will own approximately 72% of the combined company and Bois d'Arc stockholders will own approximately 28%.


Comstock will receive $440 million in cash and 5,317,069 shares of Stone for its 49% stake in Bois d'Arc.

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