Announced
Financials
Tags
Majority
oil and gas company
Pending
Oil: Crude Producers
Friendly
Public
Private Equity
United States
Tender Offer
Acquisition
Domestic
Single Bidder
Synopsis
EnCap-backed Paloma Partners, a provider of oil and gas exploration and production services, offered to acquire Goodrich Petroleum, an independent oil and gas producer in the United States, for $480m. The tender offer to acquire all of Goodrich's outstanding common shares offers $23 per share in cash. The offer price in the transaction, which has been unanimously approved by Goodrich's Board of Directors, represents an approximate 7% premium.
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