Whiting Petroleum Corp. (NYSE:WLL) has completed its previously announced acquisition of Kodiak Oil & Gas Corp., creating the largest Bakken/Three Forks producer. The closing of the transaction follows the issuance of a final order by the Supreme Court of British Columbia approving the arrangement on December 5, 2014. The all-stock transaction was previously approved by Whiting stockholders and Kodiak securityholders at special meetings held on December 3, 2014.
In July, A-DCenter.com reported that the transaction was valued at around $6 billion. The amount was based on the closing price of Whiting stock July 11 and Kodiak’s net debt of $2.2 billion as of March 31.
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