April 4 (Reuters) - SandRidge Energy Inc:
* Says to buy Arena Resources Inc for stock and cash valued at $40 per
share
* Says Arena shareholders to receive 4.7771 shares and $2.50 cash for each of
their shares
* Sees transaction closing in Q2 or Q3
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about SandRidge Energy Inc click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says to buy Arena Resources Inc for stock and cash valued at $40 per
share
* Says Arena shareholders to receive 4.7771 shares and $2.50 cash for each of
their shares
* Sees transaction closing in Q2 or Q3
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about SandRidge Energy Inc click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.