1. Midstates Petroleum Proposes Merger with SandRidge Energy

    Midstates Petroleum Proposes Merger with SandRidge Energy

    Tulsa-based Midstates Petroleum Co. said Tuesday it has proposed an all-stock merger with Oklahoma City-based SandRidge Energy Inc. Midstates executives sent a letter Tuesday to the SandRidge directors, detailing the merger proposal and a "strong desire to negotiate a friendly transaction," the company said in a statement...

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    1. Given the highly complementary nature of the businesses, significant shareholder overlap and the substantial operational synergies, Midstates believes that the proposed combination is attractive strategically and financial for shareholders of both companies.
    2. Combining these two businesses in an at-market merger would bring undeniable benefits to shareholders of both companies.
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