SandRidge Energy will buy Arena Resources for about $1.55 billion and in doing so, make it one of the largest producers of West Texas conventional oil and natural gas.

摘要

Under the terms of the deal, Arena shareholders will receive 4.7771 SandRidge shares and $2.50 in cash for each Arena share. Arena had about 38.79 million shares outstanding as of Mar. 1, according to a regulatory filing.