WHITECAP RESOURCES INC. AND VEREN INC. ANNOUNCE RECEIPT OF FINAL ORDER FOR PLAN OF ARRANGEMENT
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2025
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Source: Newsfilter
Business Combination Announcement: Whitecap Resources Inc. has received court approval for its acquisition of Veren Inc., where Veren shareholders will receive 1.05 common shares of Whitecap for each share held, with the transaction expected to close on May 12, 2025.
Investor Considerations: Following the completion of the acquisition, Veren's shares will be delisted from both the Toronto Stock Exchange and the New York Stock Exchange, and Whitecap plans to terminate its SEC reporting obligations, advising U.S. investors to consult their advisors regarding the implications.
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.
