Forest Oil +19% as Sabine says financing in place for transaction

|About: Forest Oil Corporation (FST)|By:, SA News Editor

Forest Oil (FST) +18.9% premarket as Sabine Oil & Gas says committed financing is fully in place for its acquisition of the company.

Sabine CEO David Sambrooks refutes yesterday's report that the $850M bridge financing facility was pulled, and says the financing commitment needed for the transaction with FST remains in place and unchanged.