Whitecap Resources And Veren To Combine In A $15 Billion Transaction To Create A Leading Canadian Light Oil And Condensate Producer
ReutersMar 10, 2025 10:06 AM
March 10 (Reuters) - Veren Inc VRN.TO:
WHITECAP RESOURCES AND VEREN TO COMBINE IN A $15 BILLION TRANSACTION TO CREATE A LEADING CANADIAN LIGHT OIL AND CONDENSATE PRODUCER
VEREN INC - SHAREHOLDERS TO RECEIVE 1.05 WHITECAP SHARES PER SHARE
VEREN INC - COMBINATION IMMEDIATELY ACCRETIVE TO WHITECAP FUNDS FLOW PER SHARE
VEREN INC - COMBINED COMPANY TO PAY ANNUAL DIVIDEND OF $0.73 PER SHARE
VEREN INC - EXPECTED ANNUAL SYNERGIES OF OVER $200 MILLION ON DEAL CLOSE
VEREN INC - COMBINED COMPANY TO PRODUCE 220,000 BOE/D IN KAYBOB DUVERNAY AND ALBERTA MONTNEY
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