U.S. oil and gas company Chord Energy has finalised its acquisition of Canadian company Enerplus, creating an exploration and production (E&P) company focused on the Williston Basin. The deal values the combined entity at approximately USD $11 billion.
Under the terms of the agreement, Enerplus shareholders received 0.10125 shares of Chord common stock in addition to $1.84 in cash for each common share held. In total, Chord issued around 20.7 million shares as part of the stock consideration.
Courtesy of Chord Energy.