Gran Tierra Energy To Snap i3 Energy For $225.4M, Implying A Premium Of 49%
Portfolio Pulse from Benzinga Newsdesk
Gran Tierra Energy is set to acquire i3 Energy for $225.4 million, offering a 49% premium on i3 Energy's share price. The acquisition will be executed through a court-sanctioned scheme, with i3 shareholders receiving cash and shares in Gran Tierra.
August 20, 2024 | 10:13 am
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Gran Tierra Energy is acquiring i3 Energy for $225.4 million, offering a 49% premium on i3's share price. This acquisition could enhance Gran Tierra's market position and shareholder value.
The acquisition of i3 Energy by Gran Tierra Energy at a 49% premium suggests a strategic move to enhance its market position. This could lead to positive investor sentiment and a potential increase in GTE's stock price.
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