Mergers & Acquisitions ·
Expand Energy Corporation entered into an Agreement and Plan of Merger with Twin Eagle N.A., LLC to acquire its…
EXEEXPAND ENERGY Corp
Expand Energy Corporation entered into an Agreement and Plan of Merger with Twin Eagle N.A., LLC to acquire its asset-backed natural gas marketing and optimization business. The transaction involves a base purchase price of $1.25 billion, subject to working capital, cash, indebtedness, and unpaid transaction expense adjustments. Expand Energy paid a $62.5 million cash deposit upon execution. Closing is contingent on customary conditions, including Hart-Scott-Rodino antitrust clearance, Canadian Competition Act approvals, and Federal Energy Regulatory Commission authorization under the Federal Power Act. The merger agreement may be terminated if not consummated by January 24, 2027. Expand Energy Corporation operates in the energy sector, specifically focusing on natural gas marketing and optimization.