InsideArbitrage Potential Deal Alert: WhiteHawk Energy Proposes to Acquire PHX Minerals (PHX) for $4.00/Shr in an All-Cash Deal

POTENTIAL DEAL DETAILS

WhiteHawk Energy, which owns about 2.5% of PHX Minerals’ (PHX) stock, sent a letter to Mark Behrman, the Chairman of the Board, for its proposal to acquire PHX for $4.00 per share.

The non-binding offer was reiterated in a letter to Behrman after 18 months of several public and private proposals.

PHX Minerals Inc. Investor Relations

WhiteHawk Energy, LLC Investor Relations

Update(s):

November 14, 2024: PHX Minerals (PHX) declines WhiteHawk Energy’s proposal to acquire PHX for $4.00 per share.

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.