October 1, 2019 / 1:48 PM / 17 days ago

Citizen Energy to buy Roan Resources in $1 bln deal

Oct 1 (Reuters) - Oil and natural gas producer Roan Resources Inc said on Tuesday privately held Citizen Energy Operating LLC will buy the company for $1 billion, including debt.

Roan said its shareholders will receive $1.52 per share, a premium of nearly 23.6% to the stock's closing price on Monday and implying an equity value of $234.2 million. (Reporting by Arunima Kumar in Bengaluru; Editing by Maju Samuel)

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