Battalion Oil Corporation Announces Amendment To Merger Agreement With Fury Resources, Inc. For $7.00 Per Share In Cash
Portfolio Pulse from Benzinga Newsdesk
Battalion Oil Corporation (NYSE:BATL) has amended its merger agreement with Fury Resources, Inc., with Fury acquiring all outstanding shares of Battalion for $7.00 per share in cash. The transaction, expected to close in Q4 2024, involves significant capital commitments and requires Battalion stockholder approval.
September 19, 2024 | 8:46 pm
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Battalion Oil Corporation has amended its merger agreement with Fury Resources, with Fury acquiring all outstanding shares for $7.00 per share in cash. The deal is expected to close in Q4 2024, subject to stockholder approval.
The amendment to the merger agreement with Fury Resources, offering $7.00 per share, is likely to positively impact BATL's stock price in the short term as it provides a clear exit strategy for shareholders. The transaction is backed by significant capital commitments and is expected to close in Q4 2024, pending stockholder approval.
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