Home / Business and Economy / Vital Energy Soars 13% on $3.1B Crescent Energy Buyout
Vital Energy Soars 13% on $3.1B Crescent Energy Buyout
25 Aug
Summary
- Vital Energy to be acquired by Crescent Energy for $3.1B
- MP Materials shares jump 7% after Trump promises more deals
- Keurig Dr Pepper to split businesses after $18B JDE Peet's deal
In the latest business news, several companies have made significant moves in the past few weeks. Vital Energy, an energy firm, has seen a 13% surge in its stock price after announcing that it will be acquired by Crescent Energy for $3.1 billion. The deal is expected to be finalized by the end of this year.
Elsewhere, shares of MP Materials, a mining company, jumped nearly 7% following comments from President Trump. The president stated that the government will make more deals similar to the one it made with Intel, where the Pentagon became the largest shareholder in MP Materials.
Additionally, Keurig Dr Pepper, the beverage maker, has announced plans to acquire Dutch coffee and tea company JDE Peet's for around $18 billion. Once the deal is completed, Keurig intends to split its beverage and coffee businesses into two separate publicly traded U.S. companies.
These developments in the energy, mining, and beverage sectors have captured the attention of investors and industry analysts alike, as companies continue to navigate the evolving business landscape.
