PDC Energy announces Purchase of SRC Energy

The oil and gas company PDC Energy will buy SRC Energy for US $971.3 million, the PDC said on Monday (26). The acquisition predicts the purchase price of US $3.99 per share of SRC.

The per share value (US $3.99) is equivalent to a 3.9% discount on the closing price of the company last Friday (23). Including the company's debt, the business will value the SRC at US $1.7 billion.

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