GDP - Goodrich Petroleum Agrees To Be Acquired By Paloma Partners

• Goodrich is being acquired by Paloma Partners at $23 per share in cash.
• This deal has been unanimously approved by the Board of Directors and has received the support of the holders of a majority of the common stock.
• There is the potential for an unsolicited superior offer to come in, although that would need to overcome the $15 million termination fee and the all-cash nature of Paloma's offer.
• The $23 per share deal price appears to be a bit lower than the price Southwestern Energy paid for GEP Haynesville based on a couple of metrics.

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