Deals - Acquisition, Mergers, Divestitures
Operator To Explore Sale of Company
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FX Energy, Inc. announced that its Board of Directors has commenced a process to explore a possible sale of the Company or other transaction. The Company has engaged Evercore Group L.L.C. as its financial advisor to assist with the process.
In connection with its previously announced discussions regarding a potential farmout of its Edge license, the Company received unsolicited approaches from two companies about the possible acquisition of FX Energy. Although these approaches did not constitute binding offers and may have been prompted by the decline in trading prices of the Company’s common stock, the Company’s Board of Directors believe they reflected bona fide interest in pursuing a transaction.
Based on this apparent interest, the Company commenced a process with its financial…
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