Whitecap Resources and Veren to combine to form $15 billion firm (updated)

Veren

10/03/2025 10:14

Corrects headline and paragraph 1 to say the combined company's valuation will be C$15 billion, not $15 billion

March 10 (Reuters) - Canada's oil and gas firm Whitecap Resources WCP.TO said on Monday it will merge with peer Veren VRN.TO in an all-share deal including debt to form a C$15 billion company.

    The company said Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held.

    The transaction is expected to close before May 30.

 (Reporting by Tanay Dhumal in Bengaluru; Editing by Shailesh Kuber)

 ((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal;))