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 the acquisition on 16 July 2010. Every Arena share was cancelled for 4.7771 SandRidge shares and $4.50 in cash - about 191 million SandRidge shares and $178 million of cash in total - the board and officers stood down, the NYSE listing was withdrawn three days later and the SEC registration cancelled on 29 July. Arena ended in a completed sale, not a quiet disappearance.
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 raised its offer: the cash portion went from $2.50 to $4.50 a share on top of the same 4.7771 SandRidge shares, both shareholder votes were postponed, and Arena won a 30-day window to hunt for a better bid. The lawsuits of the previous week have bought Arena holders an extra $2.00 a share.
28 May 2010material agreement▼ BadMajor
Nine shareholder class actions had been filed against Arena and its board over the SandRidge terms; to settle them the parties amended the merger agreement, including allowing either side to pay the break fee in shares rather than cash. Shareholder resistance to the price is now a live obstacle to the deal.
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.
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.
5 Mar 2010director interest notice● Neutral
ARENA RESOURCES INC director Mccabe Family Trust Stanley Mccabe, Trustee exercised stock options for 250,000 shares.