$MPET: heavy volume... whatevet what who are behi
Post# of 189
Posted On: 08/28/2012 3:29:22 PM
$MPET: heavy volume... whatevet what & who are behind of this deal:
http://pennystockhaven.com/stratex-oil-gas-ho...leum-mpet/
Stratex Oil & Gas Holdings, Inc. (STTX) today announced that it has made an offer to acquire Magellan Petroleum Corpotation (MPET) for $2.30/share in cash and stock.
Stratex is fully committed to pursuing this transaction totalling at approximately $124 million and has secured committed financing to complete the cash portion of the offer.
The offer was made in a letter to Magellan’s CEO with a copy to the Board of Directors yesterday after the CEOs of the two companies had previously discussed Stratex’s interest in acquiring Magellan, but had failed to come to any definitive understanding.
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