SandRidge cancels Bonanza Creek takeover

SandRidge Energy Inc., Oklahoma City, has canceled its agreement to acquire Bonanza Creek Energy Inc., Denver. The cash-and-stock deal had an implied value of $746 million.
Jan. 12, 2018
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SandRidge Energy Inc., Oklahoma City, has canceled its agreement to acquire Bonanza Creek Energy Inc., Denver (OGJ Online, Nov. 15, 2017).

The cash-and-stock deal had an implied value of $746 million.

Activist investor Carl Icahn, a major SandRidge shareholder, opposed the takeover.

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