M&A · Energy · Crude Petroleum & Natural Gas
Chord Energy Corp to acquire ENERPLUS Corp
Announced Feb 26, 2024 · Closed May 31, 2024
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock
Transaction
- Acquirer
- Chord Energy Corp (CHRD)
- Target
- ENERPLUS Corp
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed May 31, 2024
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Energy
- Comparable deals
- 37 in the prior 24 months
- Premium
- Sector median 24.6%
- EV / Adj. EBITDA
- Sector median 8.7x
- Break fee
- Sector median 2.9%
Timeline
- AnnouncedFeb 26, 2024
- ClosedMay 31, 2024