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Baytex Announces Expiration of Hart-Scott-Rodino Waiting Period Relating to the Acquisition of Ranger Oil
Calgary, Alberta--(Newsfile Corp. - April 13, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ...
About this update from Baytex Energy Corp.
[{"type":"text","content":"Baytex Announces Expiration of Hart-Scott-Rodino Waiting Period Relating to the Acquisition of Ranger OilCalgary, Alberta--(Newsfile Corp. - April 13, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (\"Baytex\") announced today the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 as amended (the \"HSR Act\"), with respect to the previously announced merger (the \"Merger\") with Ranger Oil Corporation (\"Ranger\"). The expiration of the HSR waiting period under the HSR Act satisfies one of the conditions of the Merger. The closing of the Merger remains subject to the satisfaction of customary closing conditions, including, among other things, the approval by Baytex's shareholders of the Merger Resolution, approval by the holders of Ranger's common stock of the terms of the Agreement and Plan of Merger, dated as of February 27, 2023, by and between Ranger and Baytex, Baytex's Registration Statement on Form F-4 (filed on April 7, 2023 with the U.S. Securities and Exchange Commission) becoming effective under the U.S. Securities Act of 1933, as amended, and the Baytex Shares issued pursuant to the Merger being approved for listing on the New York Stock Exchange, subject to official notice of issuance, and the Toronto Stock Exchange, subject to customary listing conditions. If the requisite shareholder and regulatory approvals are obtained and if all other conditions to the Merger become effective or are satisfied or waived, it is expected that the Merger will be completed in the second quarter of 2023.Forward-Looking StatementsIn the interest of providing Baytex's shareholders and potential investors with information regarding Baytex, including management's assessment of Baytex's future plans and operations, certain statements in this press release are \"forward-looking statements\" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and \"forward-looking information\" within the meaning of applicable Canadian securities legislation (collectively, \"forward-looking statements\"). In some cases, forward-looking statements can be identified by terminology such as \"anticipate\", \"believe\", \"continue\", \"could\", \"estimate\", \"expect\", \"forecast\", \"intend\", \"may\", \"objective\", \"ongoing\", \"outlook\", \"potential\", \"project\", \"pla...