Adams Resources & Energy, Inc. Shareholders Approves Acquisition By Tres Energy LLC Affiliate

(RTTNews) - Adams Resources & Energy, Inc. (AE) announced that its stockholders have approved the company's acquisition by an affiliate of Tres Energy LLC during a special meeting.

According to the terms of the merger, Adams stockholders will receive $38.00 per share in cash for each share of common stock held prior to the merger's effective date.

About 77% of the company's outstanding shares were voted at the Special Meeting, with over 76% approving the merger. The final voting results will be included in a Form 8-K filed by the company with the SEC.

AE expects the merger to close in early February 2025.

Currently AE is trading at $37.94 or 0.08% on the New York Stock Exchange.