Brief: Whitecap Resources And Veren To Combine In A $15 Billion Transaction To Create A Leading Canadian Light Oil And Condensate Producer

Veren

10/03/2025 10:06

March 10 (Reuters) - Veren Inc VRN.TO:

WHITECAP RESOURCES AND VEREN TO COMBINE IN A $15 BILLION TRANSACTION TO CREATE A LEADING CANADIAN LIGHT OIL AND CONDENSATE PRODUCER

VEREN INC - SHAREHOLDERS TO RECEIVE 1.05 WHITECAP SHARES PER SHARE

VEREN INC - COMBINATION IMMEDIATELY ACCRETIVE TO WHITECAP FUNDS FLOW PER SHARE

VEREN INC - COMBINED COMPANY TO PAY ANNUAL DIVIDEND OF $0.73 PER SHARE

VEREN INC - EXPECTED ANNUAL SYNERGIES OF OVER $200 MILLION ON DEAL CLOSE

VEREN INC - COMBINED COMPANY TO PRODUCE 220,000 BOE/D IN KAYBOB DUVERNAY AND ALBERTA MONTNEY

Source text: ID:nCNW6k1Rba

Further company coverage: VRN.TO

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