Parties
Company
Baytex Energy Corp.
Company
Ranger Oil Corporation
Baytex Energy Corp. announced the acquisition of U.S.-based Ranger Oil Corporation for $2.9 billion.
Upon deal completion, Baytex shareholders will own approximately 63 percent of the combined company.
The deal was announced on February 28, 2023, and was closed on June 20 of the same year.
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
$ 2,900,000,000Deal Status
ClosedClosing Date
20 June 2023