Bonanza Creek Energy Inc (BCEI.N)
16 Feb 2018
Midstates Petroleum Co Inc offered to buy larger rival SandRidge Energy Inc in an all-stock deal, weeks after activist shareholder Carl Icahn scuppered SandRidge's plans to buy Bonanza Creek Energy Inc .
* BONANZA CREEK ENERGY PROVIDES OPERATIONAL UPDATE, ANNOUNCES YEAR-END 2017 PROVED RESERVES AND 2018 GUIDANCE
Jan 9 Top shareholder and activist investor Carl Icahn on Tuesday called for the resignation of two of SandRidge Energy's board members, days after thwarting the oil and gas company's deal to buy Bonanza Creek Energy Inc for $746 million.
Dec 29 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:
DALLAS (Reuters Breakingviews) - Carl Icahn has won his first battle with SandRidge Energy, but the war is not yet over. The oil driller has dropped its $746 million bid for rival Bonanza Creek Energy, something the activist and others wanted. But its poison pill – which bars Icahn from upping his stake and makes a takeover more difficult – remains in place.
Oil and gas producer SandRidge Energy on Thursday backed out from its plan to buy smaller rival Bonanza Creek Energy , giving in to pressure from activist investor Carl Icahn and other shareholders.
Dec 28 Oil and gas producer SandRidge Energy on Thursday gave in to investor pressure and said it would not go ahead with its proposed deal to buy Bonanza Creek Energy Inc, announced in November.
* SANDRIDGE ENERGY ANNOUNCES TERMINATION OF AGREEMENT TO ACQUIRE BONANZA CREEK ENERGY
Dec 20 Guggenheim Partners Investment Management:
* FIR TREE PARTNERS ISSUES OPEN LETTER TO THE SANDRIDGE BOARD OPPOSING ADDITIONAL STOCK ISSUANCE TO ACQUIRE BONANZA CREEK ENERGY