About two dozen investment funds are seeking to block their warrants in QuarterNorth Energy Inc. from being forcibly converted if the oil and gas exploration company closes a proposed $1.29 billion sale to Talos Energy Inc.
Investment funds that said they loaned money to a QuarterNorth predecessor and acquired warrants after the predecessor’s emergence from bankruptcy requested a preliminary injunction Monday in the Delaware Chancery Court attempting to stop a forced exercise of their warrants and an allegedly incorrect valuation of the stock they would obtain in exchange when the merger closes.
QuarterNorth’s impending merger with Talos would impair two ...
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