Shearman & Sterling Advises Delek on Its Offer to Purchase All Common Shares of Ithaca Energy
Shearman & Sterling is advising Delek on its recommended cash offer for the entire issued share capital of Ithaca Energy Inc. at a price of C$1.95 per share, valuing Ithaca at an equity value of approximately C$841 million (US$647 million) and an enterprise value of approximately C$1.61 billion (US$1.24 billion).