Acquisition | PHX MINERALS INC | 26th June 2025
On June 20, 2025, the tender offer by WhiteHawk to acquire all outstanding shares in PHX MINERALS INC expired. Following the offer period, WhiteHawk held 73.9 percent of the outstanding shares in PHX MINERALS INC. On June 23, 2025, WhiteHawk announced it had successfully completed the acquisition of PHX MINERALS INC. In connection with the acquisition, each share of PHX MINERALS INC common stock has been converted into the right to receive USD 4.35 per share. Shares of PHX ceased trading prior to the open of the market on June 23, 2025 and will be delisted from the New York Stock Exchange. In the absence of an active market, the last close price will reflect the Deal Terms of the transaction.
The treatment below will be applied to the following indices:
- PHX MINERALS INC will be removed from the Index.
- The weight of PHX MINERALS INC (PHX.N) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 26/06/2025
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