SM Energy's sale of membership interests to Venado
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Posted On: 03/06/2017 8:31:57 PM
SM Energy's sale of membership interests to Venado postponed
http://seekingalpha.com/news/3248992-sm-energ...email_link
Mar. 6, 2017 1:47 PM ET|About: SM Energy Company (SM)|By: Carl Surran, SA News Editor
SM Energy (SM +2.3%) is higher after disclosing that it has amended the proposed closing date for the $800M sale of its remaining membership interests to Venado to March 15.
In agreeing to the extension, Venado avoids a potential $120M damage payment to SM in the event the deal failed to close by its original March 31 closing date.
http://seekingalpha.com/news/3248992-sm-energ...email_link
Mar. 6, 2017 1:47 PM ET|About: SM Energy Company (SM)|By: Carl Surran, SA News Editor
SM Energy (SM +2.3%) is higher after disclosing that it has amended the proposed closing date for the $800M sale of its remaining membership interests to Venado to March 15.
In agreeing to the extension, Venado avoids a potential $120M damage payment to SM in the event the deal failed to close by its original March 31 closing date.
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