RAM Energy Board Considering Sale or Refinancing


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RAM Energy Board Considering Sale or Refinancing

Posted June 17, 2010 10:14AM PST

The board of RAM Energy Resources is weighing its options to increase shareholder value, which may include a sale, refinancing or recapitalization.

The Tulsa, Ok.-based oil and gas company said it hired Jefferies & Co. as a financial adviser to explore its alternatives.

RAM combined with the SPAC Tremisis Energy Acquisition Corp. in May 2006. Its stock has dropped more than 67% since the merger. Shares did increase about 25% on news of the board's plans to close at $2.20 on June 15.

Source: Press Release

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