MCF - KKR's Independence Energy Contango near $5.5B merger deal - Bloomberg

[[KKR]]'s Independence Energy and Contango Oil & Gas (MCF) are near a merger deal that could value the new business at ~$5.5B including debt, Bloomberg reports.The all-stock deal would create a new company to be based in Houston and operate under a new name and ticker symbol, with plans to seek a listing on the New York Stock Exchange, according to the report.KKR established Independence Energy in August 2020 to consolidate most of its energy assets; its shareholders reportedly would own the majority of the combined company.Earlier today, Civitas Resources, which is being formed through the merger of Bonanza Creek Energy and Extraction Oil and Gas, agreed to buy Crestone Peak Resources for $1.3B including debt.

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KKR's Independence Energy, Contango near $5.5B merger deal - Bloomberg