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0 0 0 0 -0.000419463087248239 0.00251677852349003 0.00251677852349003 -0.0310402684563758
Stock impact report

Vitesse Energy completes $222m acquisition of Lucero Energy [Yahoo! Finance]

Vitesse Energy, Inc. (VTS) 
Company Research Source: Yahoo! Finance
both companies' shareholders and the Court of King's Bench of Alberta on 6 March 2025. The acquisition, first announced in December 2024, is valued at $222m (C$317.02m). Under the transaction, each common share of Lucero will entitle its holder to receive 0.01239 of a share of Vitesse common stock. After the completion of the arrangement, Lucero shares will be delisted from the TSX Venture Exchange and the OTCQB Market, and the Vitesse shares issued to Lucero shareholders will commence trading on the New York Stock Exchange. Vitesse shareholders are expected to hold approximately 80%, while existing Lucero shareholders are projected to hold 20% of the company on a fully diluted basis. Vitesse Energy chairman and chief executive officer Bob Gerrity said: “We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make accretive acquisitions. “We are grateful for the hard wo Show less Read more
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