KOG As A Takeover Target -- Idle Chatter, Again

The Wall Street Journal is reporting:

KOG, long speculated to be an acquisition target, hired bankers last year to help it field interest from potential suitors, according to people familiar with the matter.

Talks with those suitors have largely fizzled without a deal though Kodiak is still working with the banks, said the people.

Some potential suitors decided Kodiak, which has a market capitalization of about $2.5 billion, is fully valued by the stock market, which could make the company a pricey acquisition, the people said. Factoring in the company's debt and accounting for some premium to its current share price, Kodiak would represent around a $4 billion ticket for an acquirer.

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here.