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ConocoPhillips Acquires Marathon Oil In All-Stock Deal At 14.7% Premium: Details

Benzinga

Marathon Oil Corporation (NYSE: MRO ) and ConocoPhillips (NYSE: COP ) stocks are moving in opposite directions on Wednesday after they disclosed a definitive deal in which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 The acquisition price represents a 14.7%

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Tellurian Shares Soar on $1.2B Woodside Deal: Details

Benzinga

(NYSE: TELL ) shares are trading higher after the company inked an acquisition deal with Australia’s Woodside Energy Group Ltd (NYSE: WDS ) for an implied enterprise value of $1.2 billion, including net debt. The deal consideration includes a $900 million all-cash payment or $1.00 per Tellurian share.

Net Debt 105
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Why Is Athletic-Inspired Fashion Retailer Hibbett Stock Jumping Today?

Benzinga

per share in cash, representing an aggregate enterprise value of approximately $1.1 Per share price represents a 21% premium to the April 22, 2024, closing price. Hibbett announced a definitive agreement in which JD Sports Fashion PLC (OTC: JDSPY ) will acquire Hibbett for $87.50

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Electrical Equipment Company Encore Wire Gets Wired For Takeover In €3.9B Deal

Benzinga

The transaction price represents a premium of around 20% to the 30-day volume weighted average share price (VWAP) as of Friday, April 12, 2024, and about 29% to the 90-day VWAP as of the same date. Encore’s implied Enterprise Value (EV) of around €3.9 billion represents a multiple of 8.2x EV/2023A EBITDA and 6.3x

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MVP: Davis Polk & Wardwell's Oliver Smith

Law 360 M&A

billion enterprise value, earning him a spot as one of the 2024 Law360 M&A MVPs. Oliver Smith of Davis Polk & Wardwell's mergers and acquisitions practice was a leader on the team that advised ExxonMobil Corp. on its blockbuster $60 billion acquisition of Pioneer Natural Resources and Truist Financial Corp.

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BP Doubles Down On Biofuels: Buys Out Bunge Bioenergia for $1.4B

Benzinga

for an enterprise value of about $1.4 The buyout meets BP’s expected bioenergy returns threshold of over 15% and fits within its disciplined financial framework, which includes capital expenditure targets of around $16 billion for 2024 and 2025. billion and lease obligations of around $0.7

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Why Southwestern Energy Shares Are Down Today

Benzinga

The all-stock transaction is valued at $7.4 per share, based on Chesapeake's closing price on January 10, 2024. At this exchange ratio and the respective share prices on January 10, 2024, the combined company would have an enterprise value of around $24 billion. billion, or $6.69