1. PHX Minerals proposed sale at $4.35 per share to WhiteHawk Income. 2. Investigation into whether offer undervalues PHX Minerals. 3. Former Attorney General involved in legal analysis of sale. 4. Shareholders may challenge the adequacy of the proposed transaction.
The investigation into undervaluation may create investor uncertainty, similar to past buyout challenges. Historical cases show that proposed sales can lead to price depreciation during scrutiny.
The proposed sale and potential undervaluation directly impact PHX shareholders and investor sentiment.
The investigation is currently active, pressuring PHX stock prices immediately. Immediate responses from shareholders can influence short-term trading.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)-- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of PHX Minerals Inc. (NYSE: PHX) to WhiteHawk Income Corporation. Under the terms of the proposed transaction, shareholders of PHX will receive $4.35 in cash for each share of PHX that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-phx/ to learn more.
Please note that the transaction is structured as a tender offer, such that time may be of the essence.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.