Boulder Energy has entered into a plan of arrangement with ARC Financial Corp. whereby the Company will be taken private for an all-cash consideration of $2.59 per share. Inclusive of $143 mm of debt, the deal is valued at $268 mm which implies compelling take-out metrics, particularly in light of where current commodity prices stand today. With our view this represents an attractive acquisition price that is unlikely to be topped, we have aligned our target price with the proposed cash bid of $ ....

26 Feb 2016
Acquired for $268 mm in Going Private Agreement with ARC Financial

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Acquired for $268 mm in Going Private Agreement with ARC Financial
Boulder Energy has entered into a plan of arrangement with ARC Financial Corp. whereby the Company will be taken private for an all-cash consideration of $2.59 per share. Inclusive of $143 mm of debt, the deal is valued at $268 mm which implies compelling take-out metrics, particularly in light of where current commodity prices stand today. With our view this represents an attractive acquisition price that is unlikely to be topped, we have aligned our target price with the proposed cash bid of $ ....