Several batches of overlapping business lines will be unloaded to win U.S. Justice Department approval for their $34.6 billion combination, according to people with knowledge of the matter, Bloomberg said.
Sabine said March 16 that it is considering “strategic alternatives” to its capital structure following legal action by bondholders seeking $584 million. The company has been served a notice of default by its lender.
Contrary to published news reports, Whiting Petroleum Corp. (NYSE: WLL) likely isn’t up for sale or selling assets to appease stockholders. Jim Volker, company CEO, told Hart on March 12 that the sale “is a rumor and Whiting doesn’t comment on rumors.”
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