Battalion soars on acquisition by Fury Resources
15/12/2023 15:18
** Independent oil producer Battalion Oil's shares BATL.A
soar 82.42% to $9.61
** Co to be acquired by private firm Fury Resources for
$9.90 per share, or ~$450 mln
** Deal expected to close by Q1 2024
** BATL, earlier named Halcón Resources, had filed for
Chapter 11 bankruptcy in 2019
** Including session's gains, stock has fallen 1.44% YTD
(Reporting by Kabir Dweit)
((Kabir.Dweit@thomsonreuters.com))
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