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Vitesse Energy Announces Completion of Lucero Acquisition

1. Vitesse Energy completes acquisition of Lucero Energy Corp. 2. Stockholder and court approvals enhance VTS's growth prospects.

M&A
+0.93%Current Return
VS
-0.61%S&P 500
$23.7803/07 08:49 AM EDTEvent Start
$2403/10 09:44 AM EDTLatest Updated
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FAQ

Why Bullish?

Acquisitions can lead to increased revenue and market share. Historical examples show similar mergers boosting stock performance in the energy sector.

How important is it?

The acquisition is pivotal for VTS's future growth and stability, warranting significant market attention.

Why Long Term?

Successful integration of acquisitions typically has long-term benefits. VTS can leverage Lucero's assets over time to enhance its competitiveness.

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LOUPSHIF
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or the “Company”) announced today the completion of its previously announced acquisition (the “Arrangement”) of Lucero Energy Corp. (TSXV: LOU, OTCQB: PSHIF) (“Lucero”). The Arrangement was approved by Vitesse stockholders and Lucero shareholders on March 5, 2025 and March 6, 2025, respectively, and Lucero received the approval of the Court of King's Bench of Alberta on March 6, 2025. “We are pl.

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