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| Home : Baytex Announces Strategic $2.6 Billion Acquisition of Aurora Oil & Gas, $1.3 Billion Bought Deal Financing and 9% Dividend Increase Upon Completion of Acquisition |
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Feb 07
2014 |
Baytex Announces Strategic $2.6 Billion Acquisition of Aurora Oil & Gas, $1.3 Billion Bought Deal Financing and 9% Dividend Increase Upon Completion of Acquisition |
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CALGARY, ALBERTA--(Marketwired - Feb. 6, 2014) - Baytex Energy Corp. ("Baytex", the "Company" or "we") (TSX:BTE)(NYSE:BTE) and Aurora Oil & Gas Limited ("Aurora") (TSX:AEF)(ASX:AUT) today announced they have entered into an agreement whereby Baytex will acquire, through a scheme of arrangement under Australian law (the "Arrangement"), 100% of the shares of Aurora, on a fully diluted basis, for AU$4.10 (Australian dollars) cash per share (the "Acquisition"). The total consideration to be paid by Baytex is approximately $1.8 billion, plus assumed debt of approximately $744 million for a total transaction value of approximately $2.6 billion. All amounts are in Canadian dollars unless otherwise noted. |
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| Source:http://www.marketwired.com/mw/release.do?id=1876713&sourceType=3 |
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