Chord Energy, Enerplus Report Expiration Of HSR Act Waiting Period
Portfolio Pulse from Benzinga Newsdesk
Chord Energy and Enerplus have announced the expiration of the HSR Act waiting period, moving them closer to completing their previously announced stock-and-cash transaction. The deal is expected to close in the second quarter of 2024, pending the satisfaction of certain closing conditions.
April 08, 2024 | 10:06 am
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POSITIVE IMPACT
Chord Energy is moving closer to completing its merger with Enerplus, with the HSR Act waiting period now expired. The deal is expected to close in Q2 2024.
The expiration of the HSR Act waiting period is a significant step towards completing the merger, likely viewed positively by investors as it reduces regulatory hurdles. This progress could lead to a positive short-term impact on CHRD's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Enerplus is nearing the completion of its merger with Chord Energy, with the HSR Act waiting period now behind them. The transaction is on track to close in the second quarter of 2024.
The completion of the HSR Act waiting period marks a critical step towards finalizing the merger with Chord Energy, potentially boosting investor confidence and positively impacting ERF's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90