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CM - Jagged Peak shareholders getting a $2.2B sprig of Parsley - October 2019
Shareholders of Delaware basin pure-play E&P company Jagged Peak Energy will receive over $1.6 billion in Parsley Energy stock for their shares per a definitive agreement between the two companies signed Oct. 14. Each Jagged Peak share will be exchanged for 0.447 shares of Parsley’s Class A common stock, valuing them at $7.59 based on Oct. 11 closing prices. Parsley will also assume Jagged Peak's net debt, which stood at $625 million at the......
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