WhiteHawk Energy Calls For Response From Board Of PHX Minerals, Related To Its Proposal To Acquire PHX In A $4.00 Per Share All-Cash Transaction

Benzinga · Nov 12 21:10

Calls upon the PHX Board of Directors to engage with WhiteHawk to pursue and complete a transaction

Encourages PHX stockholders to reach out to PHX's Board and ask them to engage with WhiteHawk around a value-maximizing transaction

WhiteHawk Energy, LLC (together with its subsidiaries, "WhiteHawk"), calls for a response from the Board of Directors of PHX Minerals, Inc. ("PHX" or the "Company") related to WhiteHawk's proposal to acquire PHX in a $4.00 per share all-cash transaction.

"We are asking all stockholders to reach out to PHX to encourage discussions with WhiteHawk related to WhiteHawk's all cash proposal of $4.00 per share. We have previously demonstrated financing for this transaction to PHX and its advisors," says Daniel C. Herz, WhiteHawk's Chief Executive Officer. "WhiteHawk's proposal benefits all stockholders and represents a substantial premium to PHX's recent trading prices."

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.

WhiteHawk Energy Calls For Response From Board Of PHX Minerals, Related To Its Proposal To Acquire PHX In A $4.00 Per Share All-Cash Transaction

Risk Disclaimer