Warburg Pincus-Backed Citizen Energy to Acquire Roan Resources

Updated 1 year 11 months ago

Roan Resources announced a definitive merger agreement to be acquired by Citizen Energy in an all-cash transaction valued at approximately $1.0 billion, including Roan funded net debt of $780 million. The deal is expected to close in the fourth quarter of 2019 or first quarter of 2020. Roan stockholders will receive $1.52 in cash for each share of common stock. Citi and Jefferies served as financial advisors to Roan, and Merrill Lynch served as a financial advisor to Citizen.