Vermilion to Buy Spartan Energy for $860 Million in Stock [Bloomberg Business News]
Vermilion Energy Inc. Common (Canada) (VET)
Last vermilion energy inc. common (canada) earnings: 4/28 04:05 pm
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Source: Bloomberg Business News
Vermilion Energy Inc. agreed to buy Spartan Energy Corp. for about C$1.08 billion ($860 million) in stock, adding to its production and acreage in southeast Saskatchewan in the largest oil and gas company takeover in Canada this year. Spartan holders will get 0.1476 of a Vermilion share for each Spartan share, Vermilion said in statement Monday. That represents a premium of 5 percent, based on Friday’s closing prices. Vermilion also will assume about C$175 million of debt. The company expects the transaction to close on or about June 15. The deal is the latest in a series of moves by Vermilion to boost its position in Saskatchewan, an area the company prefers for profitability and a favorable regulatory environment as Canadian oil companies struggle with pipeline bottlenecks and prices that have trailed the global rebound. Vermilion entered the region in 2014 with the purchase of Elkhorn Resources Inc. and added acreage there in 2017 and 2018. "
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News
- Vermilion Energy Inc. Confirms First Quarter 2024 Release Date and Filing of the Management Information Circular in Connection with the Annual General Meeting of ShareholdersPR Newswire
- Vermilion Energy Inc. (NYSE: VET) was upgraded by analysts at TD Securities from a "hold" rating to a "buy" rating.MarketBeat
- TSX futures edge up tracking precious metals prices [Reuters]Reuters
- Vermilion Energy's (TSE:VET) Upcoming Dividend Will Be Larger Than Last Year's [Yahoo! Finance]Yahoo! Finance
- Read This Before Considering Vermilion Energy Inc. (TSE:VET) For Its Upcoming CA$0.12 Dividend [Yahoo! Finance]Yahoo! Finance
VET
Earnings
- 3/6/24 - Miss
VET
Sec Filings
- 4/2/24 - Form 6-K
- 3/28/24 - Form 6-K
- 3/7/24 - Form 6-K
- VET's page on the SEC website