Brief: Hammerhead Energy Inc. Enters Into Agreement To Be Acquired By Crescent Point Energy Corp.

Veren

06/11/2023 22:12

Nov 6 (Reuters) - Crescent Point Energy Corp  CPG.TO :
    * HAMMERHEAD ENERGY INC. ENTERS INTO AGREEMENT TO BE
ACQUIRED BY
CRESCENT POINT ENERGY CORP.
    * CRESCENT POINT ENERGY CORP: PROPOSED DEAL FOR TOTAL
CONSIDERATION OF C$21.00 PER HAMMERHEAD SHARE
    * CRESCENT POINT ENERGY CORP - AGREED TO PAY A TERMINATION
FEE OF
C$85 MILLION TO HAMMERHEAD IF ARRANGEMENT AGREEMENT IS
TERMINATED IN CERTAIN CIRCUMSTANCES
    * CRESCENT POINT: EACH HAMMERHEAD SHARE WILL BE EXCHANGED
FOR
C$15.50 OF CASH & C$5.50 IN VALUE OF CO'S SHARES
    * CRESCENT POINT ENERGY CORP - HAMMERHEAD HAS ALSO GRANTED
CRESCENT POINT A RIGHT-TO-MATCH ANY SUPERIOR PROPOSAL
    * CRESCENT POINT ENERGY- HAMMERHEAD TO PAY A TERMINATION FEE
OF
C$85 MILLION TO CO IF ARRANGEMENT AGREEMENT IS TERMINATED IN
CERTAIN CIRCUMSTANCES

Source text for Eikon:  ID:nGNXbm5dVd 
Further company coverage:  CPG.TO 

 ((Reuters.Briefs@thomsonreuters.com))