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Business & Economics

Calgary-based producers Whitecap, Veren to merge in $15B deal

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Summary
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62% Informative

Calgary producers Whitecap Resources and Veren Inc. are merging in a $15-billion , all-stock deal.

The combined firm would become the largest landholder in Alberta ’s Montney and Duvernay regions.

Veren was born from Crescent Point Energy following a name change one year ago .

The merger is expected to close by the end of May .

VR Score

69

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72

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formal

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English

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63

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short-lived

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