Midstates Petroleum Corrects Sandridge Energy’s Inaccurate Statements
MIDSTATES PETROLEUM CO INC (MPO)
US:NYSE Investor Relations:
midstatespetroleum.com
Company Research
Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)-- Midstates Petroleum Company, Inc. (“Midstates” or the “Company”) (NYSE: MPO) today issued the following response to SandRidge Energy Inc.’s (“SandRidge”) (NYSE: SD) statements made earlier today. SandRidge today issued a statement with a reference to Midstates that is inaccurate. While SandRidge has offered a non-disclosure agreement (“NDA”) to Midstates, it would require Midstates to enter into a standstill, which is an unusual requirement for a party that has made a public offer. Furthermore, SandRidge has informed Midstates that it will not provide Midstates with internal forecasts that it is providing other process participants even if Midstates were to sign the NDA offered by SandRidge. Also, in a June 4, 2018 filing, SandRidge made the claim that “SandRidge sought to engage in negotiations with Midstates regarding the proposal, but was rebuffed.” Although Mid
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