CoolCo Ltd. and EPS Ventures Announce Advanced Discussions for Share Acquisition and Delisting Plan
Cool Company Ltd. has announced an agreement in principle regarding a potential acquisition by EPS Ventures Ltd. EPS aims to acquire all outstanding shares of CoolCo not already owned by it, offering $9.65 in cash per common share. The transaction is set to be executed through a cash merger, which would result in CoolCo being wholly owned by EPS. The process targets completion in the fourth quarter of 2025 or the first quarter of 2026, pending necessary approvals and conditions. EPS, which currently owns 59.3% of CoolCo's shares, intends to support the merger. The proposed acquisition price offers a 26% premium over the closing price on September 22, 2025. An independent Special Committee from CoolCo's Board is set to review and negotiate the transaction terms.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cool Company Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250923880754) on September 24, 2025, and is solely responsible for the information contained therein.
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