SandRidge Energy to acquire Arena Resources for $1.6 billion
SandRidge Energy Inc. will acquire Arena Resources Inc. for $1.6 billion in cash and stock, as it focuses on oil rather than natural gas production, SandRidge Energy's Chief Executive Officer Tom Ward said.
SandRidge Energy, Inc. today announced that it commenced a private offering to eligible purchasers of approximately $220 million of a new series of convertible perpetual preferred stock.