Legacy Oil + Gas has entered into an agreement with Crescent Point Energy where Crescent Point will acquire all the outstanding shares and debt of Legacy in a transaction valued at $1.53 billion. This arrangement will be an all-share deal whereby Legacy shareholders will receive 0.095 of a Crescent Point share for every share held. Based on the May 26 closing price of Crescent Point, this implies a take-out at $2.83 per share, which represents a 4.4% and 23.8% premium to its 30 and 60-day VWAPs, ....
