By Jarrett Banks
Crescent Energy (NYSE: CRGY) will acquire Vital Energy (NYSE: VTLE) in an all-stock deal valued at about $3.1 billion, including debt, law firm Vinson & Elkins said.
The companies signed the agreement on Aug. 24 and expect to close the transaction by the end of 2025, pending customary approvals, the firm said.
Vinson & Elkins advised Vital Energy, with a team led by partners Doug McWilliams, Lande Spottswood, and Thomas Zentner, supported by a broad group of lawyers across corporate, tax, regulatory, and litigation practices.
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