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UPDATE 3-BCE, Telus report higher revenues, signing up more wireless customers
* BCE adds 175,000 postpaid wireless customers, Telus
UPDATE 2-Canada's BCE beats profit estimates on wireless gains
* Shares up nearly 2 pct
(Adds CEO and analyst comments, outlook, share move)
SandRidge yields to Icahn pressure, ends Bonanza Creek deal
Oil and gas producer SandRidge Energy (SD) on Thursday backed out from its plan to buy smaller rival Bonanza Creek Energy (BCEI), giving in to pressure from activist investor Carl Icahn and other shareholders. Oklahoma-based SandRidge, which emerged from bankruptcy last year, had said in November that it would pay $746 million for Bonanza Creek to expand its presence in the Denver-Julesburg Basin of Colorado.
SandRidge Energy terminates Bonanza Creek deal
Oil and gas producer SandRidge Energy (SD) on Thursday gave in to investor pressure and said it would not go ahead with its proposed deal to buy Bonanza Creek Energy Inc (BCEI), announced in November. As part of the mutual termination agreement, Bonanza will receive up to $3.7 million for transaction related expenses, SandRidge said.
BRIEF-BCE Acquisition Of Alarmforce Set To Close Jan 5, 2018 With Thursday's Receipt Of Court Approval
Alarmforce Industries Inc(ARFCF): * BCE ACQUISITION OF ALARMFORCE SET TO CLOSE JANUARY 5, 2018 WITH TODAY'S RECEIPT OF COURT APPROVAL. * Alarmforce Industries Inc(ARFCF) - ALARMFORCE AND BCE HAVE AGREED ARRANGEMENT WILL BE COMPLETED ON JANUARY 5, 2018 Source text for Eikon: Further company coverage:
Icahn steps up fight against SandRidge's plan to buy Bonanza Creek
Activist investor Carl Icahn on Friday urged SandRidge Energy Inc's (SD) stockholders to vote against the oil and gas company's plan to issue shares for its proposed acquisition of Bonanza Creek Energy (BCEI). Icahn, SandRidge's biggest shareholder with a 13.5 percent stake, has called SandRidge's $746 million offer $19.20 per share in cash and $16.80 in stock for Bonanza Creek "value-destroying."
Carl Icahn blasts SandRidge Energy's poison pill move
Activist investor Carl Icahn said he was prepared to initiate litigation against SandRidge Energy (SD) after the oil and gas company adopted a poison pill plan amid strong opposition for its Bonanza Creek Energy Inc (BCEI) deal.
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