Energen gains amid potential sale speculation

|About: Energen Corporation (EGN)|By:, SA News Editor

Energen (NYSE:EGN) rose as much as 2.5% in today's trade before settling for a 1.2% gain on speculation of a potential sale after Dealreporter said EGN's board met yesterday and today with the company's strategic review at the top of the agenda.

EGN said in March that it had agreed to review strategic options as part of a settlement with activist investor Corvex Management but has not provided updates.

Shareholders including Corvex, Elliott Management and Carl Icahn all have called on EGN to put itself up for sale.

Source: Bloomberg First Word