share_log

Magnolia Oil & Gas Says Certain Affiliates Of EnerVest Agreed To Sell 12M Shares Of Company's Class A Common Stock In Secondary Block Trade

Benzinga ·  May 15 04:36

Following the closing of the Block Trade and Class B Common Stock Purchase, the Selling Stockholders will own 4.16 million Class A and 10.957 million Class B shares of the Company, or approximately 7.6% of the total outstanding shares of the Company.

The Company has agreed to purchase from the Selling Stockholders 3 million shares of the Company's Class B common stock at a price per share equal to the price per share that the Selling Stockholders receive in the Block Trade.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment