Analysts cheered the proposed deal with Kodiak as the right deal at the right price for Whiting.
Whiting itself was once seen as a takeover target because of its Bakken position, but it will emerge from the Kodiak acquisition as the largest player in Bakken.
Under the terms, Whiting will give each Kodiak shareholder 0.177 shares of Whiting for each share of Kodiak, valuing each share of Kodiak at $13.90
