PHX Minerals Inc. Response to the WhiteHawk Proposal
PHX Minerals' Board of Directors has formally responded to and declined WhiteHawk Energy's acquisition proposal. The board stated they appreciate stockholder engagement aimed at enhancing value but determined that rejecting WhiteHawk's offer was in the best interest of PHX stockholders. The company affirmed its commitment to continue reviewing opportunities focused on maximizing stockholder value.
Il Consiglio di Amministrazione di PHX Minerals ha risposto formalmente e ha rifiutato la proposta di acquisizione di WhiteHawk Energy. Il consiglio ha dichiarato di apprezzare l'impegno degli azionisti volto a migliorare il valore, ma ha determinato che rifiutare l'offerta di WhiteHawk era nel miglior interesse degli azionisti di PHX. L'azienda ha confermato il proprio impegno a continuare a esaminare opportunità focalizzate sulla massimizzazione del valore per gli azionisti.
La Junta Directiva de PHX Minerals ha respondido formalmente y ha declinado la propuesta de adquisición de WhiteHawk Energy. La junta declaró que aprecia la participación de los accionistas destinada a aumentar el valor, pero determinó que rechazar la oferta de WhiteHawk era lo mejor para los accionistas de PHX. La empresa reafirmó su compromiso de seguir revisando oportunidades centradas en maximizar el valor para los accionistas.
PHX Minerals의 이사회는 WhiteHawk Energy의 인수 제안에 공식적으로 응답하고 이를 거부했습니다. 이사회는 주주 가치를 증대시키려는 주주들의 참여에 감사하지만 WhiteHawk의 제안을 거부하는 것이 PHX 주주에게 최선의 이익이라는 결정을 내렸다고 밝혔습니다. 회사는 주주 가치를 극대화하는 데 중점을 둔 기회를 계속 검토하겠다는 의지를 확인했습니다.
Le Conseil d'Administration de PHX Minerals a formellement répondu et a décliné la proposition d'acquisition de WhiteHawk Energy. Le conseil a déclaré qu'il apprécie l'engagement des actionnaires visant à accroître la valeur, mais a déterminé que le refus de l'offre de WhiteHawk était dans le meilleur intérêt des actionnaires de PHX. L'entreprise a réaffirmé son engagement à continuer d'examiner des opportunités axées sur la maximisation de la valeur pour les actionnaires.
Der Vorstand von PHX Minerals hat formell auf das Übernahmeangebot von WhiteHawk Energy reagiert und dieses abgelehnt. Der Vorstand erklärte, dass er das Engagement der Aktionäre zur Wertsteigerung schätzt, jedoch entschieden hat, dass die Ablehnung des Angebots von WhiteHawk im besten Interesse der PHX-Aktionäre ist. Das Unternehmen bestätigte sein Engagement, weiterhin Möglichkeiten zur Maximierung des Aktionärswertes zu prüfen.
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Insights
WhiteHawk Energy's unsolicited acquisition proposal for PHX Minerals and its subsequent rejection by PHX's Board represents a significant development. With a market cap of
The board's response, while diplomatic, suggests they may be open to other strategic alternatives at more attractive valuations. Investors should monitor for potential follow-up bids from WhiteHawk or interest from other potential acquirers, as this rejection could catalyze additional M&A activity in the mineral rights sector.
The PHX Board of Directors appreciates engagement from all stockholders to enhance stockholder value. We and PHX management continue to review opportunities that are focused on maximizing stockholder value. With respect to the WhiteHawk proposal, as we communicated to WhiteHawk, the Board of Directors of PHX believes it is in the best interest of the Company's stockholders to decline this proposal.
About PHX Minerals Inc.
PHX Minerals is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core focus areas. PHX owns mineral acreage principally located in
Investor Contact:
Rob Fink / Stephen Lee
FNK IR
646.809.4048
PHX@fnkir.com
Corporate Contact:
405.948.1560
inquiry@phxmin.com
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SOURCE PHX MINERALS INC.
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