Email
Print 
Bookmark
Roan Resources, Inc. has received multiple unsolicited indications of interest to purchase the Company.
In addition, the Company has also received indications of interest for in-basin consolidation opportunities. In response to the unsolicited indications of interests, the Company has formed a transactional working committee of its Board to evaluate a potential sale or merger of the Company.
The Committee is considering all potential merger and acquisition opportunities to assist the Board in maximizing shareholder value and will act in the best interest of all its shareholders.
Joseph A. Mills, Roan’s Executive Chairman of the Board stated, “We are focused on executing and delivering on our strategic objectives in the near and medium term. We will consider all potential consolidation opportunities as well as the inbound expressions of interest to purchase the Company. We believe consolidation in the core of the basin through a sale or merger combination could be value enhancing on many levels and could provide a more expeditious path to maximizing long term shareholder value.”
Roan's Assets
Related Categories :
General News
More General News News
-
Phillips 66 Makes Offer to Buy DCP Midstream for $34.75/Share
-
Hamm Family Proposes Taking Continental Resources Private for $25B
-
Exxon, Hess to Proceed with Yellowtail Development Offshore Guyana
-
Operators Cite Investor Pressure for Production Growth Restraint
-
Citing Ukraine Invasion, BP to Dump 19.75% Stake in Rosneft, Exit Board
Mid-Continent News >>>
-
Large E&P Chops Permian/Anadarko Basin Frac Activity by 30% In 2024
-
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside -
-
A Look at Capital Spending By Company In First Half 2023; Budget Exhausion?
-
Large Permian E&P Cuts Capex;Outlines New D&C Plans, 2024
-
Oil Report : Play Oil For a Bounce Here
2.jpg&new_width=60&new_height=60&imgsize=false)
