EnCap-backed Paloma Partners to acquire Goodrich Petroleum for $480m.

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.