Faced with a deadening silence from Capitol Hill on the fate of offshore legislation, a group of industrial energy consumers has renewed its call for the Senate and House to quickly reconcile the differences in their two Outer Continental Shelf (OCS) leasing bills so that a legislative package can be approved before Congress adjourns later this month.
Silence
Articles from Silence
Houston Exploration Dismisses JANA’s Cash Offer
Following days of silence, Houston Exploration Co. (THX) late Monday said its board of directors has unanimously decided that the unsolicited acquisition proposal by JANA Partners LLC (see Daily GPI, June 23) was not in the best interests of its shareholders. Instead, the independent announced that Lehman Brothers Inc. will help “in exploring a broad range of strategic alternatives to further enhance shareholder value.”
June 27, 2006
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