One-Page Deal Sheet
Ithaca Energy Buys Valiant Petroleum
Ithaca Energy Inc. Valiant Petroleum Plc
Announced Date
March 01,2013
Effective Date
April 19,2013
Close Date
April 19,2013
Transaction Type
Corporate
Enterprise Value (EV)($MM)
309
Asset/Basin:
{"North Sea"}
Transaction Details: Subscribe to see
The Boards of Ithaca Energy Inc. ("Ithaca") and of Valiant Petroleum plc ("Valiant") are pleased to announce that they have reached agreement on the terms of a recommended acquisition under which Ithaca Energy Holdings (UK) Limited ("Ithaca Bidco") will acquire the entire issued and to be issued share capital of Valiant (the "Acquisition"). The Acquisition is to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act.
· Under the terms of the Acquisition, Valiant Shareholders will be entitled to receive 307 pence in cash and 1.33 Ithaca…