Enerplus Corporation (USA) (TSE:ERF) has released an update.
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Chord Energy and Enerplus have moved closer to finalizing their merger, with the expiration of the Hart-Scott-Rodino Act waiting period being one of the key conditions now met. The anticipated closure of the stock-and-cash transaction is set for the second quarter of 2024, pending other closing conditions. Both companies are preparing for special shareholder meetings to vote on the transaction, with Chord’s meeting scheduled for May 14, 2024, and Enerplus’ expected in late May 2024.
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