Hammerhead Energy to Be Acquired by Crescent Point Energy

Paul, Weiss is advising Hammerhead Energy Inc. in its C$2.55 billion ($1.9 billion) sale to Crescent Point Energy Corp., creating the seventh-largest exploration and production company in Canada. Under the terms of the agreement, Crescent Point will purchase all of the common shares of Hammerhead for C$21.00 per share, consisting of C$15.50 in cash and C$5.50 in Crescent Point shares. The transaction is expected to close in late December 2023, subject to customary closing conditions including receipt of court approval.

The Paul, Weiss team is led by corporate partners Adam Givertz and Ian Hazlett, and includes counsel Stephen Centa; tax partner Matthew Jordan; and antitrust counsel Marta Kelly.