i3 Energy Plc (GB:I3E) has released an update.
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i3 Energy Plc has been acquired by Gran Tierra Energy Inc. in a well-received offer that promises significant shareholder value, with a 49% premium on the share price before the announcement. The acquisition creates a larger, oil-weighted energy company poised to accelerate production growth and capitalizes on i3 Energy’s Canadian assets, particularly the Simonette Montney asset. Shareholders are encouraged to vote on the transaction, which is expected to complete in Q4 2024, bringing together two strong management teams to leverage operational and cost synergies.
For further insights into GB:I3E stock, check out TipRanks’ Stock Analysis page.
