Wednesday, May 27, 2015

Crescent Point Energy To Acquire Legacy Oil + Gas For Shares -- May 27, 2015

Reuters is reporting (a big "thank you" to a reader for sending the link):
Crescent Point Energy Inc, Canada's No.4 independent oil and gas producer, said on Tuesday it has agreed to acquire Legacy Oil + Gas Inc for shares and debt worth C$1.53 billion ($1.23 billion), adding oil production in its core regions in Western Canada and North Dakota.
Crescent Point is offering 0.095 of its own shares for each Legacy share. Based on Crescent Point's closing price on Monday of C$30.00, the offer is worth C$2.85 per Legacy share.
Long, long history.

No comments:

Post a Comment