Goodrich Petroleum Corp. recently agreed to a merger with an affiliate of Paloma Resources LLC that would effectively end Goodrich’s tenure as a publicly traded independent E&P company.

According to a company release on Nov. 22, Goodrich entered into a definitive merger agreement pursuant to which a subsidiary of Paloma Partners VI Holdings LLC,  an affiliate of EnCap Energy Capital Fund XI LP, will commence a tender to acquire all of Goodrich's outstanding common shares for roughly $480 million in cash.

Upon the completion of the transaction, Goodrich will become a privately held company and shares of Goodrich common stock will no longer be listed on any public market.

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