Battalion Oil Corp shares are trading higher after the company announced it has amended its merger agreement with Fury Resources for the acquisition of all outstanding shares of Battalion at $7.00 per share in cash.
Portfolio Pulse from Benzinga Newsdesk
Battalion Oil Corp shares rise following the amendment of its Merger Agreement with Fury Resources, which involves the acquisition of all outstanding shares of Battalion at $7.00 per share in cash.
September 19, 2024 | 8:50 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Battalion Oil Corp's stock price increased after announcing an amendment to its Merger Agreement with Fury Resources, setting the acquisition price at $7.00 per share in cash.
The amendment to the Merger Agreement with Fury Resources, which includes a cash acquisition price of $7.00 per share, is a positive development for Battalion Oil Corp. This news likely led to the increase in share price as it provides a clear valuation and potential premium for shareholders.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100