We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SandRidge Energy Inks $746M Deal For Bonanza Creek

Law360, New York (November 15, 2017, 6:56 PM EST) -- SandRidge Energy has agreed to snap up the previously bankrupt oil exploration and production company Bonanza Creek Energy in a cash-and-stock deal worth roughly $746 million, the companies jointly announced Wednesday.

Under the deal, SandRidge will acquire Bonanza for $19.20 in cash and $16.80 in SandRidge shares for each Bonanza Creek share, the announcement detailed. The total transaction will be made up of $398 million in cash and 18.89 million shares of SandRidge stock, based on the latter’s stock price as of Nov. 14.

Additionally as...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.