WhiteHawk Proposes 17% Premium Cash Takeout Offer for PHX Minerals [Yahoo! Finance]
PHX Minerals Inc. (PHX)
Last phx minerals inc. earnings: 2/5 04:15 pm
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Source: Yahoo! Finance
The proposal would values PHX Minerals at roughly $150 million. The offer represents a 17% premium to PHX's 30-day volume weighted average price and a 19% premium to its 90-day average price, WhiteHawk said. PHX shares closed at $3.52 per share on Oct. 14 before shooting up afterrising slightly after markets closed. WhiteHawk has been pursuing PHX Minerals since mid-2023. In August 2023, PHX rejected a stock-for-stock transaction with WhiteHawk and said further discussions would be meritless A PHX Minerals did not immediately respond to a request for comment.spokesperson said the company had no comment. Under the terms of WhiteHawk's proposal, PHX common stockholders would receive $4 per share in cash from WhiteHawk and qualified stockholders of PHX would have the opportunity to exchange all or a portion of their common shares of PHX for common shares of WhiteHawk, to benefit from the value enhancement of the combined business. “WhiteHawk's $4.00 per share offer not only rep
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PHX
Earnings
- 8/7/24 - Beat
PHX
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 425
- 11/12/24 - Form 425
- PHX's page on the SEC website