WhiteHawk Prevails, Gets PHX Minerals Down the Aisle for $187M

WhiteHawk Energy is smitten with PHX Minerals. WhiteHawk has been trying to get PHX down the marriage aisle in any way it can for nearly two years. PHX has repeatedly given WhiteHawk the cold shoulder (see our WhiteHawk/PHX articles here). After begging, pleading, threatening, and appealing to shareholders, WhiteHawk has finally done it. WhiteHawk, one of the largest royalty owners in the Marcellus Shale, will acquire PHX Minerals Inc., a mineral rights owner with holdings in the Haynesville Shale and elsewhere, for $187 million ($4.35 per share).

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