Crescent energy to acquire vital energy in all-stock transaction, establishing a top 10 independent

Houston--(business wire)--crescent energy company (nyse: crgy) (“crescent” or the “company”) and vital energy, inc. (nyse: vtle) (“vital”), today announced that they have entered into a definitive agreement (the “merger agreement”) pursuant to which crescent will acquire vital in an all-stock transaction valued at approximately $3.1 billion, inclusive of vital's net debt (the “transaction”). the transaction will establish a top 10 independent with a consistent and free cash flow focused strateg.
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