- 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.
For further details see:
Goodrich Petroleum Agrees To Be Acquired By Paloma Partners