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WhiteHawk to Acquire PHX Minerals Inc. for $4.35 per Share

1. WhiteHawk is acquiring PHX for $4.35 per share in cash. 2. The total value of the transaction is approximately $187 million.

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FAQ

Why Very Bullish?

Acquisitions typically lead to increased stock prices; historical data shows positive trends in similar scenarios, hinting at gains for shareholders.

How important is it?

The acquisition directly influences PHX's stock value and could attract investor interest due to the cash offer.

Why Short Term?

Market reactions to acquisition announcements usually occur quickly, affecting stock prices soon after the news.

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WHKCCHKNBLSWNAR
PHILADELPHIA & FORT WORTH, Texas--(BUSINESS WIRE)--WhiteHawk Income Corporation (together with WhiteHawk Energy, LLC and their respective subsidiaries, “WhiteHawk” or the “Company”), a natural gas mineral and royalty company, and PHX Minerals Inc. (NYSE: PHX) today announced they have entered into a definitive agreement under which WhiteHawk will acquire PHX in an all-cash transaction that values PHX at $4.35 per share, or total value of approximately $187 million, including PHX's net debt. Thr.

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