News: Crescent Point to acquire Coral Hill $CPG

Crescent Point Energy Corp., has announced the acquisition of  issued and outstanding shares of Coral Hill Energy Ltd.

The cost of the deal would be $0.0567  per each common share of CPG, for the approximate gross proceeds of $258 Million.

Crescent Point already owns 7.2 million shares of Coral Hill (approximately 8.7 percent of Coral Hill’s outstanding shares), and will issue approximately 4.28 million Crescent Point common shares to acquire the remaining Coral Hill shares.

View the full release here.