Apache corporation announces creation of holding company structure; holding company to be named apa corporation

Houston, jan. 04, 2021 (globe newswire) -- apache corporation (“apache”) (nasdaq: apa) today announced that its board of directors authorized the company to create a holding company structure. upon its formation, apa corporation, the new holding company, will replace apache corporation as the public company trading on the nasdaq stock exchange. existing shares of apache will be automatically converted, on a one-for-one basis, into shares of common stock of apa corporation, which will retain the ticker symbol “apa”. the board and the executive officers of apache will continue in their same roles at the new company.
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