Earthstone Energy (ESTE) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to the previously-announced agreement for Permian Resources Corporation (PR) to acquire all outstanding shares of Earthstone at an exchange ratio of 1.446 shares of Permian Resources for each Earthstone share. The expiration of the HSR Act waiting period occurred at 11:59 p.m. EDT on October 2, 2023, which was a condition to the closing of the pending transaction.
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Read More on ESTE:
- Earthstone Announces Expiration of Hart-Scott-Rodino Act Waiting Period in Connection with Proposed Transaction
- Permian Resources price target raised to $17 from $13 at TD Cowen
- Earthstone Energy price target raised to $23 from $22 at Mizuho
- Earthstone Energy downgraded to Equalweight from Overweight at Capital One
- Permian Resources price target raised to $20 from $18 at Stifel
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