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Magnum Hunter scraps preferred dividends, to explore strategic options
Magnum Hunter Resources (NYSE:MHR) says it is suspending its dividends on a range of preferred stock and hires a financial adviser to explore strategic alternatives.MHR says it hired PJT Partners, a financial adviser known for restructuring work, and the Kirkland & Ellis as legal adviser.Cash-strapped MHR operates in the Marcellus and Utica shale fields of Ohio and West Virginia.
|10:18 PM
Magnum Hunter Resources (NYSE:MHR) says it is suspending its dividends on a range of preferred stock and hires a financial adviser to explore strategic alternatives.MHR says it hired PJT Partners, a financial adviser known for restructuring work, and the Kirkland & Ellis as legal adviser.Cash-strapped MHR operates in the Marcellus and Utica shale fields of Ohio and West Virginia.
|10:18 PM