New Report Mergers & Acquisitions Deal Analysis - SandRidge Energy to Merge with Arena Resources Added by WorldMarketStudy
This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.
Bangalore, India, July 22, 2010 --(PR.com)-- WorldMarketStudy announces it Will Carry GlobalData’s Mergers & Acquisitions Deal Analysis - SandRidge Energy to Merge with Arena Resources June reports in its store.
Browse complete report at http://www.worldmarketstudy.com/market-report/mergers-acquisitions-deal-analysis-sandridge-energy-merge-arena-resources-796.html
SandRidge Energy, Inc (SandRidge Energy) entered into a definitive merger agreement with Arena Resources, Inc (Arena Resources) in a stock and cash transaction. The transaction is valued at approximately $1.6 billion. Under the terms of agreement, Arena Resources’ shareholders will receive stock and cash consideration valued at $40 per share of Arena Resources common stock based on SandRidge Energy's April 1, 2010 closing price. The offer price represents a 17% premium for Arena Resources shareholders. SandRidge Energy will issue 4.7771 shares of common stock and pay $2.50 in cash for each share of Arena Resources common stock, resulting in a combined enterprise value of approximately $6.2 billion.
Following the transaction, SandRidge Energy will be the surviving company, headquartered in Oklahoma City and its management team will continue in their current roles. The combined company will have more than 200,000 net acres in the Permian Basin and 5,700 identified locations to drill primarily in the shallow San Andres and the Clear Fork formations. SandRidge Energy also owns low risk natural gas properties in the Pinon Field, and significant exploration opportunities in the West Texas Overthrust.
Deutsche Bank Securities Inc. is serving as financial and Covington & Burling LLP is acing as legal advisor to SandRidge Energy where as Tudor, Pickering, Holt & Co. Securities, Inc. is acting as financial advisor and Johnson & Jones, P.C. is acting as legal advisor to Arena Resources with respect to the transaction. The transaction is expected to complete in June or July 2010
Scope
Rationale behind Sandridge Energy's acquisition of Arena Resources in the US
Strategic Benefits for Arena Resources to merge with Sandridge Energy
Geography covered - US
Deal Financials and Valuations
Information on Sandridge Energy Inc. and Arena Resources Inc.
Reasons to buy
Develop a sound understanding of the major M&A's, Partnerships, Joint Ventures and Asset Transactions taking place in North American Oil & Gas industry
Identify the most lucrative segments to leverage on the growth opportunities available in the US oil & gas market
Get a detailed analysis of a deal to enable you to take better decisions
Know about the major companies, which are adopting a divestment or acquisition strategy to enhance their business portfolios
Learn about the key financial advisors in a particular segment in the Oil & Gas Industry
Understand the various means of raising funds from the market
1 Table of contents
1.1 List of Tables
1.2 List of Figures
2 GlobalData Deal Analysis
2.1 Summary
2.2 Deal Overview
3 SandRidge Energy to Merge with Arena Resources
3.1 Deal Overview
3.2 Deal In Brief
3.3 SandRidge Energy is Acquiring Arena Resources to Further Consolidate its Position in West Texas
3.4 SandRidge Energy is Acquiring Oil Assets to Develop a More Balanced Portfolio
3.5 Arena Resources’ Assets Overview
3.5.1 New Mexico
3.5.2 Texas
3.5.3 Oklahoma
3.5.4 Kansas
3.6 SandRidge Energy Has Acquired Arena Resources at a Premium as Compared to Other Recent Transactions
3.7 Deal Financials and Valuations:
3.7.1 Companies Involved
3.7.2 Deal Financials
3.7.3 Deal Rationale
3.7.4 Advisor Information
3.7.5 Detailed Target Information
3.7.6 Key Financials:
3.7.7 Share Price Information
3.7.8 Company Valuation Multiples
3.7.9 Detailed Target Information
3.7.10 Key Financials:
3.7.11 Share Price Information
3.7.12 Company Valuation Multiples
3.7.13 Production and Reserves Information
3.7.14 Transaction Implied Values
3.7.15 Commodity Prices Information
4 Appendix
4.1 About Energy eTrack
4.2 Methodology
4.2.1 Coverage
4.2.2 Secondary Research
4.2.3 Primary Research
4.2.4 Expert Panel Validation
4.3 Contact Us
4.4 Disclaimer
1.1 List of Tables
Table 1: SandRidge Energy, Performa Acquisition Details, 2010
Table 2: The US, E&P Assets, Transaction and Acquisition Details, January 2010 - April 2010
Table 3: Key Companies Involved in the Deal
Table 4: Financials of the Deal, 2010
Table 5: Advisor Information
Table 6: Target Information
Table 7: Arena’s Financial Information, 2010
Table 8: Arena’s Share Price Information, 2010
###
Browse complete report at http://www.worldmarketstudy.com/market-report/mergers-acquisitions-deal-analysis-sandridge-energy-merge-arena-resources-796.html
SandRidge Energy, Inc (SandRidge Energy) entered into a definitive merger agreement with Arena Resources, Inc (Arena Resources) in a stock and cash transaction. The transaction is valued at approximately $1.6 billion. Under the terms of agreement, Arena Resources’ shareholders will receive stock and cash consideration valued at $40 per share of Arena Resources common stock based on SandRidge Energy's April 1, 2010 closing price. The offer price represents a 17% premium for Arena Resources shareholders. SandRidge Energy will issue 4.7771 shares of common stock and pay $2.50 in cash for each share of Arena Resources common stock, resulting in a combined enterprise value of approximately $6.2 billion.
Following the transaction, SandRidge Energy will be the surviving company, headquartered in Oklahoma City and its management team will continue in their current roles. The combined company will have more than 200,000 net acres in the Permian Basin and 5,700 identified locations to drill primarily in the shallow San Andres and the Clear Fork formations. SandRidge Energy also owns low risk natural gas properties in the Pinon Field, and significant exploration opportunities in the West Texas Overthrust.
Deutsche Bank Securities Inc. is serving as financial and Covington & Burling LLP is acing as legal advisor to SandRidge Energy where as Tudor, Pickering, Holt & Co. Securities, Inc. is acting as financial advisor and Johnson & Jones, P.C. is acting as legal advisor to Arena Resources with respect to the transaction. The transaction is expected to complete in June or July 2010
Scope
Rationale behind Sandridge Energy's acquisition of Arena Resources in the US
Strategic Benefits for Arena Resources to merge with Sandridge Energy
Geography covered - US
Deal Financials and Valuations
Information on Sandridge Energy Inc. and Arena Resources Inc.
Reasons to buy
Develop a sound understanding of the major M&A's, Partnerships, Joint Ventures and Asset Transactions taking place in North American Oil & Gas industry
Identify the most lucrative segments to leverage on the growth opportunities available in the US oil & gas market
Get a detailed analysis of a deal to enable you to take better decisions
Know about the major companies, which are adopting a divestment or acquisition strategy to enhance their business portfolios
Learn about the key financial advisors in a particular segment in the Oil & Gas Industry
Understand the various means of raising funds from the market
1 Table of contents
1.1 List of Tables
1.2 List of Figures
2 GlobalData Deal Analysis
2.1 Summary
2.2 Deal Overview
3 SandRidge Energy to Merge with Arena Resources
3.1 Deal Overview
3.2 Deal In Brief
3.3 SandRidge Energy is Acquiring Arena Resources to Further Consolidate its Position in West Texas
3.4 SandRidge Energy is Acquiring Oil Assets to Develop a More Balanced Portfolio
3.5 Arena Resources’ Assets Overview
3.5.1 New Mexico
3.5.2 Texas
3.5.3 Oklahoma
3.5.4 Kansas
3.6 SandRidge Energy Has Acquired Arena Resources at a Premium as Compared to Other Recent Transactions
3.7 Deal Financials and Valuations:
3.7.1 Companies Involved
3.7.2 Deal Financials
3.7.3 Deal Rationale
3.7.4 Advisor Information
3.7.5 Detailed Target Information
3.7.6 Key Financials:
3.7.7 Share Price Information
3.7.8 Company Valuation Multiples
3.7.9 Detailed Target Information
3.7.10 Key Financials:
3.7.11 Share Price Information
3.7.12 Company Valuation Multiples
3.7.13 Production and Reserves Information
3.7.14 Transaction Implied Values
3.7.15 Commodity Prices Information
4 Appendix
4.1 About Energy eTrack
4.2 Methodology
4.2.1 Coverage
4.2.2 Secondary Research
4.2.3 Primary Research
4.2.4 Expert Panel Validation
4.3 Contact Us
4.4 Disclaimer
1.1 List of Tables
Table 1: SandRidge Energy, Performa Acquisition Details, 2010
Table 2: The US, E&P Assets, Transaction and Acquisition Details, January 2010 - April 2010
Table 3: Key Companies Involved in the Deal
Table 4: Financials of the Deal, 2010
Table 5: Advisor Information
Table 6: Target Information
Table 7: Arena’s Financial Information, 2010
Table 8: Arena’s Share Price Information, 2010
###
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Jessica Thomas
+91-9881144324
www.worldmarketstudy.com/
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