EOG Resources, Inc. (NYSE:EOG) entered into a definitive agreement to acquire Encino Acquisition Partners LLC from Canada Pension Plan Investment Board for $5.6 billion on May 30, 2025. Consideration of $5.6 billion is inclusive of EAP?s net debt. EOG currently expects to fund the acquisition through $3.5 billion of debt and $2.1 billion of cash on hand. The acquisition is subject to clearance under the Hart-Scott-Rodino Act and other customary closing conditions and is expected to occur in the second half of 2025.
Goldman Sachs & Co. LLC is serving as financial advisor and Wachtell, Lipton, Rosen & Katz and Akin Gump Strauss Hauer & Feld LLP is serving as legal advisor to EOG.
EOG Resources, Inc. entered into a definitive agreement to acquire Encino Acquisition Partners LLC from Canada Pension Plan Investment Board for $5.6 billion.
Published on 30/05/2025 at 15:06, updated on 30/05/2025 at 15:40
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