Veren shareholders will receive 1.05 common shares of Whitecap for each common share of Veren. Once the deal is closed, Whitecap shareholders will own approximately 48%, and Veren shareholders will own approximately 52% of the combined company.
Veren and Whitecap Resources Inc. have merged in a C$15 billion deal, creating the largest Canadian light oil producer with strong financial outlook and potential for growth.
