Why Is Battalion Oil Stock Jumping Premarket Friday? [Yahoo! Finance]
Battalion Oil Corporation (BATL)
Company Research
Source: Yahoo! Finance
to its Merger Agreement with Fury Resources, Inc. , where Fury will acquire all outstanding common stock of Battalion for $7.00 per share in cash In December 2023, Battalion Oil disclosed a merger agreement, under which Fury agreed to acquire all outstanding shares of Battalion's common stock for $9.80 per share in cash. The initial deal represented a total transaction value of approximately $450 million. According to Benzinga Pro , BATL stock has lost over 69% in the year-to-date period. Fury has confirmed capital commitments for the transaction, including $200 million in debt financing from Fortress Credit Corp. and AI Partners Asset Management Co., Ltd., $188 million in Preferred Stock commitments with $173 million from the Rollover Stockholders and $15 million from AI Partners Asset Management Co., Ltd., and $160 million in equity commitments for the acquisition of new common stock in Fury. The transaction is anticipated to close in the fourth quarter of 2024, pending appr
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BATL
News
- Battalion Oil: The Acquisition Attempt By Fury Resources May Finally Go Through [Seeking Alpha]Seeking Alpha
- Battalion Oil Corporation Announces Amendment to Merger Agreement with Fury Resources, Inc.GlobeNewswire
- Battalion Oil (BATL) Earnings & Revenues Decline Y/Y in Q2 [Yahoo! Finance]Yahoo! Finance
- Battalion Oil Corporation Announces Second Quarter 2024 Financial and Operating ResultsGlobeNewswire
BATL
Sec Filings
- 10/3/24 - Form SC
- 10/3/24 - Form PRER14A
- 9/23/24 - Form 4
- BATL's page on the SEC website