PHILADELPHIA, PA — WhiteHawk Income Corporation, along with WhiteHawk Energy, LLC and their subsidiaries, announced that a majority of PHX Minerals Inc. (NYSE: PHX) common stock shares, par value $0.01666 per share, have been validly tendered, meeting the conditions for the tender offer.
The acquisition of PHX is expected to be completed by WhiteHawk on Monday, June 23, 2025, as per the terms of the definitive agreement.
According to Computershare Trust Company, N.A., the tender offer depositary, by midnight Eastern Time on June 20, 2025, approximately 28,806,761 shares (73.7% of the issued and outstanding shares) were tendered and not withdrawn. Including 50,315 shares tendered under guaranteed delivery procedures, the total rises to 28,857,076 shares or 73.8%.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.