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POTENTIAL DEAL DETAILS
| Stock | Granite Ridge Resources, Inc | Symbol | GRNT |
| Date Announced | 12/20/2024 | Source | Reuters |
| Type | News Report |
Reuters reported that Northern Oil and Gas (NOG) has made an acquisition offer for Granite Ridge Resources (GRNT), a smaller U.S. producer with operations in basins including the Permian and Eagle Ford.
Minneapolis, Minnesota-based Northern has submitted at least two offers for Granite Ridge. The latest bid, made in recent weeks, was at a roughly 20% premium to the target’s share price.
While Granite Ridge’s management has rebuffed the overtures so far, Northern remains interested in a deal and could sweeten its offer next year.
Granite Ridge Resources, Inc. Investor Relations
Northern Oil and Gas, Inc. Investor Relations
Update(s):
December 20, 2024: Northern Oil and Gas (NOG) said it has a large pipeline of acquisition opportunities and it frequently sends expressions of interest to acquire assets or businesses to evaluate and conduct due diligence on potential opportunities. Many of these requests to conduct diligence are rejected. The Company is not currently engaged in formal negotiations to acquire Granite Ridge (GRNT).
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.