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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...