WhiteHawk Energy reiterated its proposal to acquire PHX Minerals Inc. (PHX) for $4.00 per share in an all-cash transaction. This proposal reflects a 19% premium over PHX's 90-day volume-weighted average price and a 17% premium over its 30-day volume-weighted average price.
WhiteHawk Energy urged the PHX Board of Directors to engage with them to pursue and complete the transaction, following a lack of engagement over the past 18 months.
WhiteHawk disclosed that it now owns approximately 2.5% of PHX's outstanding common stock.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.