secwatch.observer — SEC 8-K summary
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Issuer:     Chord Energy Corp (CHRD)
CIK:        0001486159
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001193125-22-069341
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oasis Petroleum to merge with Whiting Petroleum; 0.5774 shares + $6.25 cash per share
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- Whiting shareholders receive 0.5774 Oasis shares and $6.25 cash per share; Oasis to pay up to $15/share special dividend to Oasis holders upon closing.
- Combined company board: 5 Oasis directors (incl. CEO Daniel Brown) and 5 Whiting directors (incl. Lynn Peterson as Executive Chair); Brown remains CEO.
- Closing conditions include stockholder approvals, HSR clearance, NASDAQ listing, and tax opinions; termination fee of $98 million.
- Lynn Peterson to serve as Executive Chair through Dec 2023 at $500k salary; 2022 bonus at 150% of target plus $3M RSU grant.
- Merger expected to close by October 7, 2022; combined company headquarters in Houston, Texas.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1486159/000119312522069341/0001193125-22-069341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1486159/000119312522069341/d259633d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-069341

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