M&A deals across North America have surged over the past two years with companies buying rivals at a rapid pace.
Some deals get an immediate positive reception from the markets. Other deal announcements are less well received, and the acquirer’s share price takes a hit. Why does this happen?
Download our new report now to find out more.
We have examined all available data from 10 years of U.S. and Canadian upstream corporate mergers - alongside immediate market reactions - to identify characteristics most common to well received deals.
We reveal how closely the following key themes correlate to share price movements:
- Purchase price metrics
- Deal location
- Deal structure (cash vs. stock)
- Oil price
- Debt levels
The report also highlights a number of factors that may grow in importance and impact immediate share price reactions to future M&A deals.
Report Authors
Mark Young, Senior Analyst at Evaluate Energy, brings 15 years of experience in oil and gas analysis with a particular interest in M&A.
Nikki Zenonos, Director at Evaluate Energy, brings 15 years of experience in oil and gas analysis with a particular interest in financial performance and sustainability.
About
Evaluate Energy, a geoLOGIC company, is a leading provider of vital financial and operating metrics for the global oil and gas industry. This includes all publicly available data on M&A deals within upstream oil and gas, power and renewable energy sectors.
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