Permian Resources To Acquire Earthstone Energy In All-Stock Transaction For $4.5B
Portfolio Pulse from Benzinga Newsdesk
Permian Resources is set to acquire Earthstone Energy in an all-stock transaction valued at $4.5 billion.
August 21, 2023 | 11:05 am
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NEUTRAL IMPACT
Permian Resources is acquiring Earthstone Energy in an all-stock transaction valued at $4.5 billion.
Permian Resources is making a significant acquisition, which could impact its stock price. However, the direction of the impact is uncertain as it depends on how the market perceives the value of the acquisition.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Earthstone Energy is being acquired by Permian Resources in an all-stock deal worth $4.5 billion.
The acquisition of Earthstone Energy by Permian Resources could potentially increase the stock value of Earthstone Energy due to the all-stock nature of the transaction. The deal is significant and directly impacts Earthstone Energy.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100