Vital Energy rises on $3.1 billion acquisition by Crescent Energy
25/08/2025 12:57
Updates ** Shares of Vital Energy VTLE.N rise 11.5% to $17.61 premarket ** Crescent Energy CRGY.N says it will acquire Vital Energy VTLE.N in an all-stock deal for $3.1 billion, including debt ** The deal represents a premium of 20% as per stock's last close ** Crescent shareholders will own about 77% of the combined company and the rest will be owned by VTLE ** The deal is expected to close by the end of the year ** CRGY says it has lined up a $1 billion pipeline of non-core asset sales to help strengthen its balance sheet ** Reuters had reported the talks on Friday, citing sources familiar with the matter ** As of last close, VTLE shares down ~49% YTD (Reporting by Sumit Saha in Bengaluru) ((Sumit.Saha@thomsonreuters.com))