EPS Ventures in Negotiations to Purchase Cool Company at $9.65 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2025
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Transaction Overview: Cool Company and EPS Ventures are in advanced discussions for EPS to acquire all outstanding shares of CoolCo not already held by EPS for $9.65 per share, through a cash merger under Bermuda law.
Premium and Committee Formation: The acquisition price represents a 26% premium over the closing price on September 22, and a special committee of independent directors has been established to review and negotiate the transaction terms.
Closing Timeline: The potential transaction is targeted for completion in Q4 2025 or Q1 2026, pending approvals from CoolCo shareholders and other customary conditions.
Ownership and Support Agreement: EPS, which owns 59.3% of CoolCo's shares, plans to enter a support agreement to vote in favor of the merger, though there are no guarantees that definitive agreements will be reached.
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Analyst Views on CLCO
Wall Street analysts forecast CLCO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLCO is 9.65 USD with a low forecast of 9.65 USD and a high forecast of 9.65 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 9.670
Low
9.65
Averages
9.65
High
9.65
Current: 9.670
Low
9.65
Averages
9.65
High
9.65
About CLCO
Cool Company Ltd. is a pure play liquefied natural gas (LNG) carrier with a fleet of over 13 vessels and a portfolio of short and longer-term charters with oil and gas, trading, and utility companies. Through its in-house LNG transportation and infrastructure management platform, it operates its own vessels and provides management services to third party owners. Its fleet consists of approximately nine tri-fuel diesel electric (TFDE) LNG carriers (LNGCs), namely the Kool Husky, Kool Crystal, Kool Frost, Kool Glacier, Kool Ice, Kool Kelvin, Kool Blizzard, Kool Boreas and Kool Baltic; two modern two-stroke namely the Kool Orca and the Kool Firn; and two newbuild two-stroke LNGCs namely the Kool Tiger and the GAIL Sagar. The Company manages LNGCs and floating storage and regasification units (FSRUs). It provides the services of its owned ships under time charters. Its customers are LNG producers, commodity traders, and gas companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CoolCo Completes Merger with EPS Ventures, Shareholders to Receive $9.65 per Share
- Merger Completion: CoolCo's merger with EPS Ventures has been finalized, resulting in CoolCo becoming a wholly-owned subsidiary of EPS, which signifies a successful strategic restructuring aimed at enhancing market competitiveness.
- Shareholder Returns: Eligible shareholders will receive a merger consideration of $9.65 per share on January 14, 2026, which significantly boosts shareholder returns and reflects the value of their investments.
- Delisting Plans: CoolCo intends to delist from the New York Stock Exchange and Euronext Growth Oslo, filing a Form 15-F with the SEC to terminate its registration, indicating a strategic shift towards privatization.
- Future Outlook: This merger and subsequent delisting will allow CoolCo to adapt its strategy more flexibly, focusing on core operations, and is expected to lay a solid foundation for future growth.
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