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New Deal


Announced

Fury Resources to acquire Battalion Oil for $450m.

Financials

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Transaction Value£354m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Cross Border

Majority

Pending

United States

oil and gas exploration

energy company

Integrated Oil and Gas

Acquisition

Public

Merger

Friendly

Synopsis

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Fury Resources, a privately held exploration and production company, agreed to acquire Battalion Oil, an independent energy company, for $450m. "It has been a pleasure working with Avi Mirman and his team to get the transaction to this point. Avi has a plan to become a premier player in the Delaware Basin. With the additional investment capital provided by the transaction, the company will finally be in a position to fully develop the Battalion asset base and position the company, its investors, and its employees for success," Matt Steele, Battalion CEO.

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