Vital Energy gains after report of potential acquisition by Crescent Energy
Shares of Vital Energy VTLE.N rise 12.9% to $17.83 premarket
U.S. Shale producer Crescent Energy CRGY.N is in advanced talks to acquire smaller peer VTLE, Reuters reported on Friday citing people familiar with the matter
Terms of the combination could not be learned, but a transaction could be announced as soon as this week, said the sources, who cautioned a deal could still fall apart at the last minute
As of last close, VTLE shares down ~49% YTD
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