KKR & Co. is in exclusive talks to buy family owned Samson Investment Co., said people with knowledge of the matter, in what may be the biggest leveraged buyout of an oil and gas producer.
KKR Is Said to Hold Exclusive Talks to Buy Samson Investment Co. - Bloomberg
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KKR is working with several banks to put together financing, said the people, who declined to be identified because the discussions are private. KKR beat out oil and gas companies to enter the exclusive talks with Samson and isn’t working with any partners, the people said. Samson, based in Tulsa, Oklahoma , may be valued at $8 billion to $10 billion in a sale and has been working for months with Jefferies Group Inc. to seek buyers or joint-venture partners, people with knowledge of the effort said. Even at $8 billion, a private-equity buyout would be the largest of an oil and gas exploration and production company, according to data compiled by Bloomberg.KKR Is Said to Hold Exclusive Talks to Buy Samson Investment Co. - Bloomberg
