Battalion soars on acquisition by Fury Resources

Battalion Oil

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))