Veren Inc. and Whitecap Finalize Acquisition Plans
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Veren Inc. (TSE:VRN) has announced the finalization of its acquisition by Whitecap Resources Inc., with a court order received on May 8, 2025. Shareholders approved the deal on May 6, 2025, and completion is expected by May 12, 2025. Following the acquisition, Veren's shares will be delisted from the Toronto Stock Exchange and cease trading on the New York Stock Exchange. Spark's analysis rates TSE:VRN as an Outperform, highlighting strong cash flow and an attractive valuation despite profitability challenges.
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