Amplify Energy’s Proposed Merger Receives ISS’ Recommendation:
HOUSTON, April 01, 2025 – Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”), an independent oil and natural gas exploration and production company, announced that Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm, has recommended that shareholders vote “FOR” the Company’s proposed merger with Juniper Capital’s upstream Rocky Mountain portfolio companies. The merger is expected to create a leading independent E&P company with a strong position in the Rocky Mountains and a diverse portfolio of assets.
Background on the Merger:
The proposed merger was announced on February 15, 2025, and is subject to customary closing conditions, including approval by Amplify’s shareholders and regulatory approvals. According to the press release, the transaction is valued at approximately $2.1 billion, and the combined company is expected to have an enterprise value of approximately $3.4 billion. The merger is expected to close in the second quarter of 2025.
ISS’ Recommendation:
In its report, ISS stated that the merger is in the best interests of Amplify’s shareholders due to several factors, including the strategic fit of the combined companies, the potential synergies, and the premium offered to Amplify’s shareholders. ISS also noted that the transaction is not subject to a material adverse change provision, which reduces the risk for Amplify’s shareholders.
Impact on Shareholders:
According to the press release, Amplify’s shareholders are expected to receive 0.205 shares of Juniper’s common stock for each share of Amplify common stock they own. Based on Juniper’s closing price on March 31, 2025, this represents a premium of approximately 27% to Amplify’s closing price on February 14, 2025, the trading day prior to the announcement of the merger. The merger is expected to create a leading independent E&P company with a diverse portfolio of assets and a strong position in the Rocky Mountains.
Impact on the World:
The merger is expected to have a positive impact on the oil and natural gas industry, as it will create a larger and more diversified company with a strong position in the Rocky Mountains. This could lead to increased exploration and production activities, which could help meet the growing demand for energy. Additionally, the merger could lead to cost savings and operational efficiencies, which could benefit both companies and their stakeholders.
Conclusion:
Amplify Energy’s proposed merger with Juniper Capital’s upstream Rocky Mountain portfolio companies has received a positive recommendation from Institutional Shareholder Services. The merger is expected to create a leading independent E&P company with a diverse portfolio of assets and a strong position in the Rocky Mountains. The transaction is valued at approximately $2.1 billion and is expected to close in the second quarter of 2025. Amplify’s shareholders are expected to receive a premium of approximately 27% for their shares, and the merger is expected to have a positive impact on the oil and natural gas industry.
- Amplify Energy Corp. (NYSE: AMPY) to merge with Juniper Capital’s upstream Rocky Mountain portfolio companies
- ISS recommends shareholders vote “FOR” the merger
- Transaction valued at approximately $2.1 billion
- Expected to close in the second quarter of 2025
- Amplify’s shareholders to receive 0.205 shares of Juniper’s common stock for each share of Amplify common stock
- Merger expected to create a leading independent E&P company with a diverse portfolio of assets and a strong position in the Rocky Mountains
- Positive impact on the oil and natural gas industry
