Bankrupt

SandRidge Energy Inc. is pushing ahead on plans to become a niche natural gas player after throwing down a bid close to midnight Tuesday to buy bankrupt Crusader Energy Group Inc. in a cash and stock transaction worth an estimated $230 million.

FERC has approved the sale of Houston-based wholesale gas and power marketer Eagle Energy Partners to EDF Trading North America by bankrupt Lehman Brothers Holdings Inc.

A bankruptcy judge in New York last week approved the sale of Eagle Energy Partners I LP to EDF Trading North America by bankrupt Lehman Brothers Holdings Inc.

Electricite de France is buying Houston-based gas and power marketer Eagle Energy Partners from bankrupt Lehman Brothers Holdings Inc., EDF Trading Ltd., a subsidiary of the French utility giant said last Monday, noting that the acquisition enhances its liquefied natural gas (LNG) capabilities.

Electricite de France (EDF) is buying Eagle Energy Partners from bankrupt Lehman Brothers Holdings Inc., EDF Trading, a subsidiary of the French utility giant, said on Monday. Eagle’s future has been in question since the company was excluded from a recent deal in which Barclays Capital Inc. acquired Lehman Brothers Inc. for $1.75 billion.

While the purchase of Lehman Brothers Inc., a subsidiary of bankrupt Lehman Brothers Holdings Inc., by Barclays Capital Inc. for $1.75 billion was approved by a bankruptcy court judge, the sale of the investment banking and trading businesses as well as Lehman’s New York headquarters building does not include Lehman’s Eagle Energy Partners energy trading unit.

While the purchase of Lehman Brothers Inc., a subsidiary of bankrupt Lehman Brothers Holdings Inc., by Barclays Capital Inc. for $1.75 billion was approved by a bankruptcy court judge over the weekend, the sale of the investment banking and trading businesses as well as Lehman’s New York headquarters building does not include Lehman’s Eagle Energy Partners energy trading unit.

Just two days after worries over Constellation Energy Group’s relationship with bankrupt Lehman Brothers Holdings Inc. sparked a freefall in the electricity supplier Goliath’s stock price, it appears that the white knight to the rescue will be Berkshire Hathaway’s MidAmerican Energy Holdings Co., which has agreed to purchase all of the outstanding shares of Constellation Energy for $4.7 billion, or $26.50/share, cash. However, reports on Friday warned that a company was expected to come in with a competing bid.

Just two days after worries over Constellation Energy’s relationship with bankrupt Lehman Brothers Holdings Inc. and fears that it could lose its credit lines sparked a freefall in the electricity supplier Goliath’s stock price, it appears that the white knight to the rescue will be Berkshire Hathaway’s MidAmerican Energy Holdings Co., which has agreed to purchase all of the outstanding shares of Constellation Energy for $4.7 billion, or $26.50/share, cash.