Veren ( (TSE:VRN) ) has shared an update.
On March 9, 2025, Veren Inc. entered into a business combination agreement with Whitecap Resources Inc., wherein Whitecap will acquire all issued and outstanding common shares of Veren. This arrangement, approved by the court, will see Veren shareholders receive 1.05 Whitecap shares for each Veren share held. Post-combination, Whitecap shareholders will own 48% and Veren shareholders 52% of the combined entity, with Whitecap’s current management continuing to lead. The agreement is subject to several conditions, including shareholder approvals and regulatory clearances, with the closing expected by May 12, 2025.
More about Veren
YTD Price Performance: 29.78%
Average Trading Volume: 19,891,957
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.91B
For detailed information about VRN stock, go to TipRanks’ Stock Analysis page.