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Chevron Announces Agreement to Acquire Atlas Energy In $4.3 Billion Deal
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Chevron Corporation and Atlas Energy, Inc. announced this week Chevron would acquire Atlas Energy for cash of $3.2 billion and assumed pro forma net debt of approximately $1.1 billion.
The acquisition will provide Chevron with an attractive natural gas resource position primarily located in southwestern Pennsylvania’s Marcellus Shale. The acquisition is subject to certain Atlas Energy restructuring transactions, approval by Atlas Energy shareholders and regulatory clearance.
$4 Billion Deal Will Give Chevron PA Marcellus Stake Chevron Sees Atlas Gas Output Growing 7-Fold
Range Resources, EQT, Ultra May Be Targets After Chevron Deal |
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11/15/2010 |
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