Jones Subsidiary Pays $289m for Oklahoma City-Based Crusader Energy

Summary


Crusader Energy has been sold.

The company, which trades on the Pink Sheets under the symbol CKGRQ, said a subsidiary of Jones Energy Ltd. - J/M Crusader Acquisition Sub LLC - was the successful bidder for its assets at a federal bankruptcy auction Nov. 13.

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Jones Subsidiary Pays $289m for Oklahoma City-Based Crusader Energy

Jones officials said they will purchase all shares of Crusader's common stock. The Jon...

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