Brief: Berry Corporation Announces Acquisition Of Macpherson Energy Corporation

Berry (Bry)

17/07/2023 21:43

July 17 (Reuters) - Berry Petroleum Company LLC
 BPCL.UL :
    * BERRY CORPORATION ANNOUNCES ACQUISITION OF MACPHERSON
ENERGY
CORPORATION
    * BERRY CORPORATION (BRY) - TO ACQUIRE MACPHERSON ENERGY
CORPORATION, FOR $70 MILLION IN CASH
    * BERRY CORPORATION (BRY) - TRANSACTION IS STRUCTURED SUCH
THAT
$50 MILLION WILL BE PAID AT CLOSING AND REMAINDER PAID IN JULY
2024
    * BERRY CORPORATION (BRY) - TRANSACTION IS STRUCTURED SUCH
THAT
$50 MILLION WILL BE PAID AT CLOSING AND REMAINDER PAID IN JULY
2024
    * BERRY CORPORATION (BRY) - DEAL WILL BE NEAR- AND LONG-TERM
ACCRETIVE ACROSS KEY FINANCIAL METRICS AND INCREASE FUTURE FREE
CASH FLOW GENERATION

Source text for Eikon:  ID:nGNXb1dbyp 
Further company coverage:  BPCL.UL 

 (Reuters.Briefs@thomsonreuters.com)