On May 30, 2025, EOG Resources, Inc. announced its agreement to acquire all outstanding equity interests in Encino Acquisition Partners, LLC for $5.6 billion in cash. This transaction involves acquiring equity through both the purchase of Blocker Corp and direct equity interests in Encino. The purchase price is subject to customary adjustments related to cash, indebtedness, working capital, and transaction expenses. The agreement includes termination rights for both parties, with the transaction expected to close by May 30, 2026, subject to an automatic extension to August 31, 2026, under certain conditions.
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