- The announced purchase price for the asset package was $660 million. Post-closing adjustments were $52 million, including $31 million in working capital items and $21 million of cash flow adjustments to reflect the acquisition's March 1, 2013 effective date. The Company paid an additional $20 million for acquisition costs associated with increased working interests acquired by Liberty subsequent to the effective date.
- $660 million was the announced price
- an additional $52 million to reflect the acquisition's effective date
- an additional $20 million for acquisition costs
Mike Filloon used $660 million in his calculations when he looked at the deal: KOG's purchase of Liberty Resources could make or break its 2013.
Looking at share prices today, it's a bit difficult to see how the market views this new information. Maybe next week we will see some clarity. KOG is down 2.4% for the day; OAS is down 0.12%. CLR is flat, and WLL is down 1%.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.