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Bonanza Creek Energy to buy Extraction Oil & Gas in $1.1 billion all-stock deal

05/10/2021 08:12
Bonanza Creek Energy to buy Extraction Oil & Gas in $1.1 billion all-stock deal

- Bonanza Creek Energy BCEI.N will buy Extraction Oil & Gas EH4.MU in about $1.1 billion all-stock, no-premium deal to create one of Colorado's largest oil and gas drillers, the companies said in a statement on Monday.

Extraction shareholders will receive 1.1711 shares of Bonanza Creek common shares for each share of Extraction common stock owned on the closing date. [https://refini.tv/3vOoyzg]






(Reporting by Rithika Krishna in Bengaluru;
Editing by Vinay Dwivedi)

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