Current MHR Stock Info

Magnum Hunter Resources Corp (ticker: MHR) announced it will acquire Viking International Resources, a private company with approximately 51,500 net acres primarily in the Marcellus and Utica plays, for $106.7 million.  The deal will be funded with $37.3 million in cash and $69.4 million in convertible preferred stock. The preferred stock will pay an annual dividend of 8% and will be convertible at $8.50 per share. The transaction is expected to close on or about November 2, 2012, with an effective date of January 1, 2012. Pro forma, MHR will h...


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