Battalion Oil Corporation Announces Amendment to Merger Agreement with Fury Resources, Inc.
Battalion Oil Corporation (BATL)
Company Research
Source: GlobeNewswire
Houston, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL) (“Battalion” or the “Company”) announced today that it has entered into an amendment to the previously disclosed Agreement and Plan of Merger (as amended, the “Merger Agreement”) with Fury Resources, Inc. (“Buyer” or “Parent”), pursuant to which Parent has agreed to acquire all of the outstanding shares of Common Stock of the Company (the “Common Stock”) for $7.00 per share in cash, without interest (the “Merger Consideration”). The holders of all of the outstanding shares of the Preferred Stock of the Company, Luminus Management, LLC (“Luminus”), Gen IV Investment Opportunities, LLC, and funds and accounts managed by Oaktree Capital Management, L.P. (“Oaktree”), or their respective affiliates (collectively, the “Rollover Stockholders”), have agreed to contribute to Buyer all of their shares of Preferred Stock of the Company in exchange for new preferred shares of Buyer at a valuation
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BATL
News
- Battalion Oil Corporation Announces Third Quarter 2024 Financial and Operating ResultsGlobeNewswire
- Battalion Oil: +5% Arbitrage Spread With Short Timeline [Seeking Alpha]Seeking Alpha
- Battalion Oil: The Acquisition Attempt By Fury Resources May Finally Go Through [Seeking Alpha]Seeking Alpha
- Why Is Battalion Oil Stock Jumping Premarket Friday? [Yahoo! Finance]Yahoo! Finance
BATL
Sec Filings
- 11/21/24 - Form 8-K
- 11/18/24 - Form 8-K
- 11/12/24 - Form 10-Q
- BATL's page on the SEC website