GREY:BXEFF - Post by User
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HARJAYon Jun 18, 2018 6:45am
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Post# 28184543
OT - FYI
OT - FYI 2018-06-18 06:30 ET - News Release
CALGARY, Alberta, June 18, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX:BTE) (NYSE:BTE) and Raging River Exploration Inc. (“Raging River”)(TSX:RRX) are pleased to announce that their respective boards of directors have unanimously agreed to a strategic combination of the two companies (the “Transaction”). The combined organization will be a well-capitalized, oil-weighted company with an attractive growth and free cash flow profile provided by its world class assets across North America. The combined organization will have an enterprise value of approximately $5 billion and operate under the Baytex name.