Darden family halts private takeover of Quicksilver Resources Inc

Quicksilver Energy LP and the members of the Darden family said March 17 that they had determined not to further pursue a take private transaction of Quicksilver Resources Inc. (NYSE: KWK) at this time. The Darden Family Interests first announced that they were interested in a take private transaction in October 2010. Since that time, the Darden Family Interests have retained a financial advisor and counsel and have engaged in discussions with a number of firms regarding equity financing for such a transaction. The Darden Family Interests have decided not to pursue a take private transaction at this time because they have concluded that Quicksilver Resources’ current capital structure and governance is superior to an alternate private structure for maximizing Quicksilver Resources’ exploration and development opportunities.

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