Still Ignoring WhiteHawk, PHX Minerals Goes Shopping for a Husband

WhiteHawk Energy is smitten with PHX Minerals. For the last 16 months, WhiteHawk has been trying to get PHX down the marriage aisle in any way it can. PHX has repeatedly given WhiteHawk the cold shoulder. WhiteHawk’s latest attempt, which we told you about in November, was an appeal to PHX shareholders to pressure the board to sell at $4 per share (see WhiteHawk Energy Keeps Up Public Pressure to Make PHX Merge). PHX didn’t waste any time responding. It was a resounding NO (see PHX Response to WhiteHawk Energy’s Latest Marriage Proposal: NO!). Yet even though WhiteHawk offered a premium price, PHX has hired a big bank to help it find a suitable suitor---just not WhiteHawk. Matchmaker, matchmaker, make me a match!

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