SandRidge Energy acquires Arena Resources for US$1.375 billion
* UPDATE - On 2 June 2010, Sandridge and Arena jointly announced an amendment to the agreement that will see Sandridge acquire Arena. Under the amended offer, Arena shareholders will receive 4.7771 shares of SandRidge stock and US$4.50 cash in exchange for every single share of Arena common stock. The change is in the cash component of the offer, which has increased from US$2.50 to US$4.50, reportedly in response to pressure from Arena shareholders. The stock component of the offer ...