WHITECAP RESOURCES INC. AND VEREN INC. ANNOUNCE RESULTS OF SPECIAL SHAREHOLDER MEETINGS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2025
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Source: PRnewswire
Business Combination Approval: Shareholders of Whitecap Resources Inc. and Veren Inc. have overwhelmingly approved the proposed business combination, with 88.72% of Whitecap shareholders and 99.78% of Veren shareholders voting in favor.
Next Steps and Implications: The Court of King's Bench will hear the approval application on May 8, 2025, with the business combination expected to close around May 12, 2025, leading to the delisting of Veren's shares from both the TSX and NYSE shortly thereafter.
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.
