- Forest Oil (FST -17.6%) plunged late in today's regular trading after Sabine Oil & Gas pulled an $850M loan that was being raised to back its acquisition of the company, according to Bloomberg.
- Proceeds of the unsecured debt were to repay FST borrowings in connection with the purchase, the report says.
- Sabine Oil had agreed last month to buy FST in an all-stock deal, without providing a value.
From other sites
at CNBC.com (Dec 12, 2014)
at Nasdaq.com (Nov 25, 2014)
at MarketWatch.com (Oct 16, 2014)
at MarketWatch.com (May 6, 2014)
at MarketWatch.com (Feb 14, 2014)
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