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Sandridge Energy, Inc. And Arena Resources, Inc. Announce Settlement of Certain Stockholder Suits Regarding Proposed Merger

By TechAgreements

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Under the terms of the agreement, which remains subject to court approval, the parties have agreed to settle all claims raised, or which could be raised, by the proposed plaintiff class relating to the proposed merger. Pursuant to the terms of the proposed settlement, SandRidge and Arena agreed to amend the merger agreement such that (1) any termination fee payable by SandRidge or Arena to the...

Full post as published by TechAgreements on May 28, 2010 (boomark / email).

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