Thursday, December 19, 2024
Bill Barrett

Fifth Creek Energy, Bill Barrett Corporation to Merge in $649 Million Deal

Bill Barrett (ticker: BBG) announced the acquisition of Fifth Creek Energy after markets closed Tuesday, in a transaction valued at about $650 million. The agreement will see Bill Barrett and Fifth Creek each become subsidiaries of a new holding company, referred to as “New BBG.” Bill Barrett’s shareholders will exchange their shares for New BBG shares on a 1-for-1 basis,