Energy M&A » By The Online Investor Staff, updated Thu., Apr. 18, 9:07 PM
Recent mergers and acquisitions in the Energy M&A category.
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Slide #15. Vermilion Energy Inc. — Elkhorn Resources Inc.
Acquirer:
Vermilion Energy Inc. (NYSE:VET)
Acquiree:
Elkhorn Resources Inc.
Details:
Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce that we have completed our acquisition of Elkhorn Resources Inc. for total consideration of approximately $427 million. Total consideration comprised the assumption of an estimated $42 million of debt, $180 million of cash, and the issuance of 2.8 million common shares of Vermilion valued at approximately $205 million (based on the closing price per Vermilion common share of $72.50 on the Toronto Stock Exchange on April 29, 2014).
Vermilion Energy and its subsidiaries are engaged in the business of petroleum and natural gas exploration, development, acquisition, and production.
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Avg. Broker Rec.
 
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Buy (3.10 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: VET Stock Forecast Based on Zacks ABR data; powered by Xignite |
