Explorer Clayton Williams Said to Be in Talks to Sell Itselfby
Clayton Williams Energy Inc., a Texas oil and gas explorer, is in talks to sell itself to another company, according to people familiar with the matter.
A deal for the Midland, Texas-based explorer could be announced as soon as this week, said the people, who declined to be named because the matter isn’t public.
A representative for Clayton Williams didn’t immediately return a call seeking comment.
Clayton Williams’s shares fell 2.3 percent to $103.98 in New York on Friday, giving the company a market value of about $1.8 billion.