7 July 2008capital raising announcement● NeutralMajor
Quicksilver agreed to buy Barnett Shale royalty and working interests from Perot-family entities (Petrus/Nortex/Perot Investment Partners) and the Hillwood/Chief Resources group for roughly $1.3 billion cash plus $307 million in stock -- a major debt-funded expansion made right at the top of the natural gas market, months before prices collapsed.