Phx Minerals Inc is an oil and gas company focused on the acquisition and development of mineral and royalty interests in energy resources. The company operates primarily in the United States, where it engages in the exploration and production of oil and natural gas, leveraging its extensive portfolio of mineral rights to generate revenue through leasing and royalties. By strategically acquiring properties with significant resource potential, Phx Minerals aims to capitalize on growing energy demands while maintaining a commitment to sustainable practices in the energy sector. Read More
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of PHX Minerals Inc. (NYSE: PHX) to WhiteHawk Income Corporation. Under the terms of the proposed transaction, shareholders of PHX will receive $4.35 in cash for each share of PHX that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of PHX Minerals Inc. (NYSE: PHX) to WhiteHawk Income Corporation for $4.35 per share is fair to PHX shareholders.
WhiteHawk Income Corporation (together with WhiteHawk Energy, LLC and their respective subsidiaries, “WhiteHawk” or the “Company”), a natural gas mineral and royalty company, and PHX Minerals Inc. (NYSE: PHX) today announced they have entered into a definitive agreement under which WhiteHawk will acquire PHX in an all-cash transaction that values PHX at $4.35 per share, or total value of approximately $187 million, including PHX’s net debt. Through the transaction, WhiteHawk will add approximately 1.8 million gross unit acres of premier natural gas mineral and royalty assets, significantly expanding its footprint in the core of the Haynesville Shale in East Texas / North Louisiana and diversifying its portfolio into the SCOOP / STACK region in Oklahoma.
WhiteHawk Energy, LLC (together with its subsidiaries, “WhiteHawk”), calls for a response from the Board of Directors of PHX Minerals, Inc. (“PHX” or the “Company”) related to WhiteHawk’s proposal to acquire PHX in a $4.00 per share all-cash transaction.
WhiteHawk Energy, LLC (together with its subsidiaries, “WhiteHawk”), a natural gas mineral and royalty company, today sent a letter to Mark Behrman, the Chairman of PHX Minerals, Inc.’s (“PHX”) Board of Directors, copied in full below, with respect to its proposal to acquire PHX for $4.00 per share. The letter includes details of the extensive efforts WhiteHawk has made over the past 18 months to engage with PHX to maximize value for stockholders through a transaction.
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