One-Page Deal Sheet
Delek Group Buys Out North Sea Operator Ithaca
Delek Energy Ithaca Energy Inc.
Announced Date
February 06,2017
Close Date
June 05,2017
Transaction Type
Corporate
Enterprise Value (EV)($MM)
646
Asset/Basin:
{"North Sea"}
Transaction Details: Subscribe to see
Ithaca Energy Inc. has entered into a definitive support agreement with Delek Group Ltd on the terms of a cash takeover bid for all of the issued and to be issued common shares of Ithaca not currently owned by Delek or any of its affiliates for C$1.95 per share.
Highlights
The Offer is for a cash consideration of C$1.95 per share - this equates to £1.20 per share based on the exchange rate on 3 February 2017 Values the entire issued and to be issued share capital of the Company at C$841 million (US$646 million) 12% premium to the TSX closing price of C$1.74 per share on 3 February 2017 The…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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