Midstates Petroleum Co. Inc.
Description
Commenced a tender offer to purchase for cash up to 5 million shares of its common stock at a purchase price of $10 per share. The number of shares proposed to be purchased in the tender offer represents approximately 19.7% of the company’s currently outstanding common stock. The closing price of the company’s common stock on January 11, 2019 was $8.27 per share. The $10 purchase price per share in the tender offer represents a premium of approximately 20.9% to the NYSE closing price per share on January 11, 2019.