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OGE Orange

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Share Name Share Symbol Market Type Share ISIN Share Description
Orange LSE:OGE London Ordinary Share FR0000079196 SHS EUR1
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Extension of Early Tender Time and Original Early Tender Time Results Announced in Enogex Tender Offer

09/07/2009 1:00pm

PR Newswire (US)


Orange (LSE:OGE)
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OKLAHOMA CITY, July 9 /PRNewswire-FirstCall/ -- OGE Energy Corp. (NYSE: OGE) announced today that its midstream pipeline subsidiary, Enogex LLC, has amended its previously announced cash tender offer for its 8.125% senior notes due 2010. Enogex has extended the early tender time from 5:00 p.m. EDT on July 8, 2009 to 11:59 p.m. EDT on July 22, 2009. Accordingly, holders of the 8.125% senior notes due 2010 who validly tender and do not validly withdraw their notes at or prior to such extended time will receive the total consideration, including the early tender payment. All other terms and conditions of the tender offer described in the Offer to Purchase dated June 24, 2009 and the related Letter of Transmittal, in each case as amended by this press release, remain unchanged. The withdrawal deadline for the tender offer will continue to be 5:00 p.m. EDT on July 8, 2009. Consequently, holders who have tendered and not withdrawn their notes at or prior to that time, and holders who tender their notes after that time, may not withdraw their tendered notes unless Enogex (1) makes a material change in the terms of the tender offer, (2) decreases the tender cap or (3) is otherwise required by law to permit withdrawal. As of 5:00 p.m. EDT on July 8, 2009, approximately $110.8 million principal amount of the 8.125% senior notes due 2010 had been validly tendered and not validly withdrawn. In accordance with the terms of the tender offer, holders may continue to tender notes until 11:59 p.m. EDT on July 22, 2009, unless extended or earlier terminated by Enogex (such time, as may be extended, the "expiration time"). Holders of Enogex's 8.125% senior notes due 2010 are urged to read the tender offer documents carefully before making any decision with respect to the tender offer. Copies may be obtained from the information agent, Global Bondholder Services Corporation, at 866-470-4200 or 212-430-3774. Enogex has retained J.P. Morgan, UBS Investment Bank and Wells Fargo Securities (formerly known as Wachovia Securities) to serve as dealer managers for the tender offer. Questions regarding the tender offer may be directed to J.P. Morgan at (866) 834-4666 (toll-free) or (866) 834-4802 (collect), to UBS Investment Bank (888) 719-4210 (toll-free) or (203) 719-4210 (collect) and to Wells Fargo Securities at (866) 309-6316 (toll-free) or (704) 715-8341 (collect). This press release is not a solicitation for acceptance of the tender offer. Enogex is making the tender offer only by, and pursuant to the terms of, the Offer to Purchase and the related Letter of Transmittal, subject to the extension of the early tender time, as announced in this press release. The tender offer is not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of OGE Energy, Enogex, the dealer managers or the Information Agent makes any recommendation in connection with the tender offer. OGE Energy is the parent company of Oklahoma Gas and Electric Company (OG&E), which serves more than 772,000 customers in a service territory spanning 30,000 square miles in Oklahoma and western Arkansas, and of Enogex LLC, a midstream natural gas pipeline business with principal operations in Oklahoma. DATASOURCE: OGE Energy Corp. CONTACT: Brian Alford, +1-405-553-3187, or Financial, Todd Tidwell, +1-405-553-3966, both of OGE Energy Corp. Web Site: http://www.oge.com/

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