It closed in 18 months, but he found his niche.
Ultimately, it closed in less than six months, at a loss of $10.5 million.
The deal closed quickly, in only five months, and investors obviously have bought into the idea.
The deal was approved by the boards of both companies over the weekend and is expected to close in 6 to 12 months.
Last week, the market dropped more than 5 percent and closed at 1,957.65, its lowest level in nine months.
The deal will close in 6 to 12 months, one person said.
The deal is to be announced today and is expected to close in three months.
Oil closed at $59.76 a barrel on Friday, near its lowest levels in seven months.
Last month, the company said it would close in about 18 to 24 months.
The deal is expected to close in nine months to a year.