Roan Resources hires bankers to determine best path forward

By Jack MoneyBusiness writer jmoney@oklahoman.comRoan Resources announced Monday two firms will help it evaluate strategic alternatives that could end with its merger, sale or some other transaction that aims to boost its value to shareholders.
Officials stated Roan hired Citigroup Global Markets and Jefferies to help its board decide on best options to pursue.
The company announced April 29 it had received multiple unsolicited purchase offers for the company and had formed a transactional working committee to evaluate those.
On Monday, its release stated additional offers of interest continue to come.
A consolidation of its holdings through a divestiture of non-core acreage to boost the value of what’s left or an outright sale are among its options, the company’s top executive stated.
“This will be an ongoing process that may result in multiple strategic transactions.Read more on NewsOK.com

By Jack Money
Business writer jmoney@oklahoman.com

Roan Resources announced Monday two firms will help it evaluate strategic alternatives that could end with its merger, sale or some other transaction that aims to boost its value to shareholders.

Officials stated Roan hired Citigroup Global Markets and Jefferies to help its board decide on best options to pursue.

The company announced April 29 it had received multiple unsolicited purchase offers for the company and had formed a transactional working committee to evaluate those.

On Monday, its release stated additional offers of interest continue to come.

A consolidation of its holdings through a divestiture of non-core acreage to boost the value of what’s left or an outright sale are among its options, the company’s top executive stated.

“This will be an ongoing process that may result in multiple strategic transactions.
Read more on NewsOK.com

Read more on Newsok 

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