POTENTIAL DEAL DETAILS
Stock | SandRidge Energy, Inc. | Symbol | SD |
Date Announced | 02/06/2018 | Source | Reuters |
Type | Unsolicited Bid | Acquiring Company/Person | Midstates Petroleum Company, Inc. |
Midstates Petroleum Company Inc (MPO) said on Tuesday it was seeking to merge with larger rival SandRidge Energy Inc (SD) in an all-stock deal that could create an oil and gas producer valued at nearly $1 billion.
Update(s):
June 29, 2018: SandRidge Energy Announces Expanded Pursuit of Strategic Options Process with RBC Capital Markets
September 11, 2018: U.S. shale oil producer SandRidge Energy Inc (SD) said on Monday it had ended its strategic review and rejected all bids, saying they undervalued the company.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.