Acquisition | EARTHSTONE ENERGY INC | 1st November 2023
Initially announced on August 21, 2023, EARTHSTONE ENERGY INC will be acquired by PERMIAN RESOURCES CORP with stock term of 1.446 PERMIAN RESOURCES CORP shares per every one EARTHSTONE ENERGY INC share held. EARTHSTONE ENERGY INC expects the closing date of the transactions will be November 1, 2023, which remains subject to the respective approvals of the shareholders and other closing conditions.
- EARTHSTONE ENERGY INC will be removed from the Index.
- The weight of EARTHSTONE ENERGY INC (ESTE.N) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 01/11/2023
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- EARTHSTONE ENERGY INC will be removed from the Index.
- The shares of PERMIAN RESOURCES CORP (PR.N) will be increased according to the stock terms of the transaction.
- Effective Date (open): 01/11/2023
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