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CM - Parsley pays $1.66B to JAG shareholders, assumes debt - January 2020



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Shares of Jagged Peak Energy Inc. were removed from the NYSE trading following the Jan. 10 completion of the $1.66 billion buyout of its shares by Parsley Energy Inc. The day before, more than 99.5% of the votes cast by Parsley shareholders approved the proposal to issue 0.447 Class A common shares for each Jagged Peak share. The sharebased consideration represented an implied value of $7.59 a share, or 11.2% premium, for Jagged Peak......
 
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