TORONTO, May 28, 2024
/CNW/ - The shareholders of Chord Energy Corporation (NASD:
CHRD) and Enerplus Corporation (TSX: ERF) (NYSE: ERF) have agreed
to the terms of a Plan of Arrangement resulting in the combination
of the two companies. Each share of Enerplus will be exchanged for
0.10125 shares of Chord and US$ 1.84
cash. Enerplus will be removed from the S&P/TSX Composite Index
prior to the open of trading on May 31,
2024. The shares outstanding of Chord will be increased at
the same time to reflect the issuance of shares.
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P
500® and the Dow Jones Industrial Average®.
More assets are invested in products based on our indices than
products based on indices from any other provider in the world.
Since Charles Dow invented the first
index in 1884, S&P DJI has become home to over 1,000,000
indices across the spectrum of asset classes that have helped
define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
SOURCE S&P Dow Jones Indices LLC.