M&A
confidence high
sentiment positive
materiality 0.80
Oasis Petroleum stockholders approve merger with Whiting; closing expected July 1
Chord Energy Corp
- Stockholders approved issuance of Oasis stock to Whiting holders and charter amendment raising authorized shares from 60M to 120M.
- Whiting stockholders also approved the merger agreement, clearing a key condition to close.
- Special dividend of $15.00 per share declared, contingent on merger closing, record date June 29.
- Merger closing expected on or about July 1, 2022, subject to satisfaction or waiver of remaining conditions.
- Over 16.9M shares voted (86% of outstanding); each proposal passed with >98% of votes cast in favor.