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Energy M&A image Energy M&A » By The Online Investor Staff, updated Thu., Aug. 6, 3:09 PM Recent mergers and acquisitions in the Energy M&A category.

Slide #20. Canadian private company Magnum Hunter Resources Remaining Canadian Assets

Acquirer: Canadian private company
Acquiree: Magnum Hunter Resources Remaining Canadian Assets (MHR)
Details: Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the "Company" or "Magnum Hunter") announced today that the Company has executed a definitive agreement with a Canadian private company to sell 100% of its ownership interest in the Company's Canadian subsidiary, whose assets consist primarily of oil and gas properties located in the Tableland Field in Saskatchewan, Canada, for a purchase price of $75 million (Canadian -- or approximately $67.5 million (US) at the current exchange rate), subject to customary purchase price adjustments with an effective date of March 1, 2014. The transaction is expected to close on or about May 12, 2014. The closing is subject to the satisfaction of customary closing conditions. As announced earlier, Magnum Hunter previously sold primarily all its Alberta, Canada oil and gas properties in April 2014. The Company's sale of its Canadian subsidiary will complete Magnum Hunter's goal of exiting and divesting all of the Company's Canadian assets.



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Company Name: 
Magnum Hunter Resources Corp (DE)
Website: 
www.magnumhunterresources.com
Sector: 
Oil & Gas Exploration & Production
 

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Hold (1.86 out of 4)
100th percentile
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