Atlas America, Atlas Energy merger clears HSR waiting period hurdle

By Lisa Kerner

Charlotte, N.C., May 18 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the pending merger of a newly formed subsidiary of Atlas America, Inc. and Atlas Energy Resources, LLC, a government report said.

In April, the companies announced they would combine in order to simplify their organizational structure and create "a more attractive investment opportunity with a larger public float."

Atlas America owns approximately 48% of the common unit interests and all of the management incentive interests in Atlas Energy.

Each class B common unit of Atlas Energy not currently held by Atlas America will be converted into 1.16 shares of Atlas America common stock.

As previously reported, Atlas Energy will survive as a wholly owned subsidiary of Atlas America, which will be renamed Atlas Energy, Inc.

Both companies are based in Moon Township, Pa., and develop and produce natural gas and oil.

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