Magnum Hunter Resources (ticker: MHR) entered into a definitive agreement to sell production from 49 wells on 19,000 net mineral acres to Penn Virginia (ticker: PVA) for a total purchase price of $400 million, $361 million in cash and $40 million in PVA stock.  PVA shares will be issued at $4.00 per share which implies 10 million new shares.  As of April 2, 2013, PVA shares closed at $3.90 and 50.1 million shares were outstanding.  The cash received represents $2.14 per share to MHR.  To help fund the transaction, PVA announced that it intends ...


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