Crescent Energy Co. will acquire Vital Energy Inc. in a $3.1 billion all-stock merger, creating one of the top 10 independent US oil and gas producers.
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Vital Energy, Inc. (NYSE: VTLE) to Crescent Energy Company for 1.9062 shares of Crescent Class A common stock for each share of Vital common stock is fair to Vital shareholders.
The Ademi Firm is investigating Vital Energy (NYSE: VTLE) for possible breaches of fiduciary duty and other violations of law in its transaction with Crescent Energy Company.
Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) and Vital Energy, Inc. (NYSE: VTLE) (“Vital”), today announced that they have entered into a definitive agreement (the “Merger Agreement”) pursuant to which Crescent will acquire Vital in an all-stock transaction valued at approximately $3.1 billion, inclusive of Vital’s net debt (the “Transaction”). The Transaction will establish a top 10 independent with a consistent and free cash flow focused strategy, scaled positions and flexible capital allocation across premier basins. The combined company will be led by a management team and Board with deep operating and investing expertise, well-positioned to drive long-term growth and value creation.
