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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): November 19, 2000
Pogo Producing Company
(Exact name of registrant as specified in its charter)
Delaware 1-7792 74-165 9398
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
5 Greenway Plaza, Suite 2700
Houston, Texas 77046-0504
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (713) 297-5000
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Item 5. Other Events.
On November 19, 2000 Pogo Producing Company, a Delaware corporation (the
"Company"), NORIC Corporation, a New York corporation, and certain shareholders
of NORIC Corporation entered into an Agreement and Plan of Merger (the "Merger
Agreement"), whereby upon the terms and subject to the conditions stated
therein, NORIC Corporation would merge with and into the Company (the "Merger"),
with the Company being the surviving corporation. Under the Merger Agreement,
NORIC shareholders will receive approximately $630 million in a combination of
50% cash and 50% common stock of the Company. The stock portion of the
consideration is to be valued over a 20 trading day period ending five days
prior to the closing date, subject to a minimum of approximately 11.6 milliion
shares of the Company's common stock if the per share price of the Company's
common stock exceeds $27.25 and a maximum of approximately 14.2 million shares
if the per share price of the Company's common stock is less than $22.25.
The Closing of the Merger Agreement will occur no later than five business
days following the day on which all of the conditions to the Merger contained in
the Merger Agreement have been fulfilled or waived or on such other date as the
parties may agree.
The closing of the Merger is conditioned upon approval of the shareholders
of the Company and the stockholders of NORIC Corporation, customary regulatory
approvals, including the expiration or termination of the waiting period
prescribed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended, and other customary conditions, all as described in the Merger
Agreement. A copy of the press release of the Company with respect to the
Merger is included herein as Exhibit 99.1.
The press release is incorporated in this Item 5 by reference.
Item 7. Financial Statements and Exhibits.
The following exhibits are filed herewith:
99.1 Press Release, dated as of November 20, 2000, announcing the
Agreement and Plan of Merger among Pogo Producing Company, NORIC
Corporation, and the shareholders signatory thereto
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Pogo Producing Company
Date: November 20, 2000 By: /s/ Gerald A. Morton
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Gerald A. Morton
Vice President - Law
and Corporate Secretary
