12:00 PM EST - Baytex Energy Corp. : and Raging River Exploration Inc. announced that their respective boards of directors have unanimously agreed to a strategic combination of the two companies. The combined organization will be a well-capitalized, oil-weighted company with an attractive growth and free cash flow profile provided by its world class assets across North America. The combined organization will have an enterprise value of approximately $5 billion and operate under the Baytex name. Baytex Energy Corp.
shares T.BTE are trading down $0.64 at $4.46.
