Brief: Spark Energy announces acquisition of Oasis Energy for $20 mln

Via Renewables

13/05/2015 24:30

May 12 (Reuters) - Spark Energy Inc  SPKE.O : 
 * Announces acquisition of Oasis Energy 
 * Says purchase price is $20.0 million 
 * Company will issue $5.0 million of its 5% convertible subordinated notes with 
   a term of five years to the seller 
 * Says management believes that the acquisition will immediately be accretive 
   to the company's adjusted EBITDA 
 * Says intends to operate the business as a standalone brand 
 
 * Source text for Eikon  ID:nGNXVDOHXa  
 
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