16 Aug 2010substantial holder notice● Neutral
T. ROWE PRICE ASSOCIATES, INC reported no remaining ARENA RESOURCES INC shareholding in its periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 July 2010listing compliance notice▼ BadMajor
ARENA RESOURCES INC deregistered its securities, ending its obligation to file reports with the SEC.
19 July 2010director interest notice● Neutral
ARENA RESOURCES INC director Mccabe Family Trust Stanley Mccabe, Trustee disposed of 575,000 shares via option/appreciation-right settlement.
19 July 2010director interest notice● Neutral
ARENA RESOURCES INC director Woodrum Clayton Eugene disposed of 35,000 shares via option/appreciation-right settlement.
19 July 2010director interest notice● Neutral
ARENA RESOURCES INC director Rochford Living Trust Lloyd Timothy Rochford, Trustee disposed of 590,200 shares via option/appreciation-right settlement.
19 July 2010listing compliance notice● NeutralMajor
ARENA RESOURCES INC's exchange filed to remove a class of its securities from listing.
19 July 2010director interest notice● Neutral
ARENA RESOURCES INC Vice President - Operations Ricks David D. disposed of 125,470 shares via option/appreciation-right settlement.
19 July 2010director interest notice● Neutral
ARENA RESOURCES INC director Fiddner Carl H disposed of 113,736 shares via option/appreciation-right settlement.
19 July 2010director interest notice● Neutral
ARENA RESOURCES INC President Terry Phillip Wayne disposed of 450,000 shares via option/appreciation-right settlement.
19 July 2010director interest notice● Neutral
ARENA RESOURCES INC Chief Financial Officer Broaddrick William Randall disposed of 286,200 shares via option/appreciation-right settlement.
19 July 2010director interest notice● Neutral
ARENA RESOURCES INC director Woodrum Clayton Eugene disposed of 35,000 shares via option/appreciation-right settlement.
19 July 2010director interest notice● Neutral
ARENA RESOURCES INC director Petrelli Anthony Benedict disposed of 152,000 shares via option/appreciation-right settlement.
16 July 2010business combination▲ GoodMajor
SandRidge completed its acquisition of Arena on 16 July 2010 after Arena shareholders approved the merger. Each Arena share became 4.7771 SandRidge shares plus $4.50 cash, about 191 million shares and $178 million in total, and NYSE trading was suspended from 19 July.
16 July 2010securities registration● Neutral
ARENA RESOURCES INC amended an already-effective registration statement.
15 July 2010director interest notice● Neutral
ARENA RESOURCES INC director Fiddner Carl H exercised stock options for 20,000 shares.
15 July 2010director interest notice● Neutral
ARENA RESOURCES INC director Mccabe Family Trust Stanley Mccabe, Trustee exercised stock options for 90,000 shares.
15 July 2010director interest notice● Neutral
ARENA RESOURCES INC director Rochford Living Trust Lloyd Timothy Rochford, Trustee exercised stock options for 90,000 shares.
13 July 2010director interest notice● Neutral
Ricks David D. became a ARENA RESOURCES INC Vice President - Operations and company insider (initial ownership filing).
1 July 2010business combination● NeutralMajor
The 30-day search for a better offer ended with two preliminary approaches, neither judged capable of beating SandRidge. Chairman and co-founder Tim Rochford said the board was satisfied it had tested the market properly; the shareholder vote was set for 16 July.
2 June 2010material agreement▲ GoodMajor
SandRidge and Arena signed Amendment No. 2, raising the cash portion from $2.50 to $4.50 a share on top of 4.7771 SandRidge shares. Shareholder meetings moved from June 8 to July 16, Arena got a go-shop period to July 1, and the termination fee fell from $50 million to $39 million.
28 May 2010material agreement▼ BadMajor
Arena and SandRidge agreed in principle to settle nine shareholder class actions over the merger and signed Amendment No. 1. It lets either side pay a termination fee in shares instead of cash, loosens the takeover-proposal rules and adds disclosures.
10 May 2010substantial holder notice● Neutral
Neuberger Berman Group LLC, Neuberger Berman LLC, Neuberger Berman Management LLC, Neuberger Berman Equity Funds reported a ARENA RESOURCES INC shareholding of 466,486 shares (1.18% of votes) in a periodic institutional filing.
7 May 2010business combination● NeutralMajor
Arena sent shareholders the definitive merger proxy for the SandRidge deal announced on 4 April 2010. Each Arena share would convert into 4.7771 SandRidge shares plus $2.50 in cash, and the board unanimously recommended approval, which needs a majority of outstanding Arena shares at the 8 June 2010 meeting in Tulsa.
5 Apr 2010business combination▲ GoodMajor
Agreed to be bought by SandRidge Energy: each Arena share to become 4.7771 SandRidge shares plus $2.50 in cash, subject to both companies' shareholders approving. After a decade of buying Permian Basin properties on borrowed money, Arena is now the property being bought.
1 Apr 2010director interest notice● Neutral
ARENA RESOURCES INC director Rochford Living Trust Lloyd Timothy Rochford, Trustee received 150,000 shares as part of the equity award.
1 Apr 2010director interest notice● Neutral
ARENA RESOURCES INC director Mccabe Family Trust Stanley Mccabe, Trustee received 150,000 shares as part of the equity award.
1 Apr 2010director interest notice● Neutral
ARENA RESOURCES INC Vice President - Operations Ricks David D. received 25,000 shares as part of the equity award.
10 Mar 2010substantial holder notice● Neutral
T. ROWE PRICE ASSOCIATES, INC reported a ARENA RESOURCES INC shareholding of 4,505,150 shares (11.70% of votes) in a periodic institutional filing.
5 Mar 2010director interest notice● Neutral
ARENA RESOURCES INC director Woodrum Clayton Eugene exercised stock options for 5,000 shares.
5 Mar 2010director interest notice● Neutral
ARENA RESOURCES INC director Rochford Living Trust Lloyd Timothy Rochford, Trustee exercised stock options for 50,000 shares.