Whitecap Resources and Veren to combine to form C$15 billion firm
ReutersMar 10, 2025 11:13 AM
March 10 (Reuters) - Canada's oil and gas firm Whitecap Resources WCP.TO said on Monday it will merge with peer Veren VRN.TO in an all-share deal including debt to form a C$15 billion company.
The company said Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held.
The transaction is expected to close before May 30.
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