Magnolia Oil & Gas to Acquire WildFire Energy, Stock Sinks
Magnolia Oil & Gas acquires WildFire Energy for $4.06B, expanding its Eagle Ford footprint and raising its quarterly dividend by 9%.
Magnolia Oil & Gas is buying another company to grow its oil business and will give shareholders a little more money each quarter. Watch if the company can make good profits from this bigger size, since big deals sometimes cost more than expected.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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