Quicksilver Resources Won’t Be Taken Private by the Dardens
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Quicksilver Resources Inc., the U.S. oil and natural gas producer whose largest shareholder is the family of Chief Executive Officer Glenn Darden, won’t be taken private after a six-month search for backers, Darden said.
The current capital structure and governance “is superior to an alternate private structure for maximizing Quicksilver Resources’ exploration and development opportunities,” Darden said in a statement. The decision doesn’t reflect a change in “commitment or confidence in” the company, according to the statement.