Parsley Energy acquires Jagged Peak Energy in all-stock transaction

Parsley Energy Inc. and Jagged Peak Energy Inc. have entered into a definitive merger agreement under which Parsley will acquire Jagged Peak in an all-stock transaction valued at approximately $2.27 billion, including Jagged Peak’s net debt of approximately $625 million. Under the terms of the agreement, Jagged Peak shareholders will receive a fixed exchange ratio […]