Key Deals: Vital Energy, Dayforce, Nexstar Media, Workday, Salesforce, and More

Vital Energy's stock surged 6.4% post-market on Friday after a report that Crescent Energy is in advanced talks to acquire the smaller Permian Basin operator. This deal comes after a week of key transactions across various sectors, including Dayforce, Nexstar Media, Workday, and Salesforce.

Crescent Energy is reportedly in advanced talks to acquire Vital Energy, a Permian Basin producer, in a deal that could be announced as soon as next week. The potential acquisition comes after a week of key transactions across various sectors, including Dayforce, Nexstar Media, Workday, and Salesforce.

Vital Energy's shares surged 6.4% after the news, while Crescent Energy's stock price remained steady. The acquisition would be Crescent Energy's second major deal in the Permian Basin this year, following its acquisition of PDP Holdings in January.

The proposed acquisition is valued at approximately $3.1 billion, inclusive of Vital Energy's net debt. Under the terms of the Merger Agreement, Vital Energy shareholders will receive 1.9062 shares of Crescent Class A common stock for each share of Vital common stock, representing a 5% premium to the 30-day volume weighted average price (VWAP) exchange ratio and a 15% premium to Vital's 30-day VWAP as of August 22, 2025.

The combined company will be led by a management team and board with deep operating and investing expertise, well-positioned to drive long-term growth and value creation. The transaction is expected to establish a top 10 independent energy company with a consistent and free cash flow-focused strategy, scaled positions, and flexible capital allocation across premier basins.

The acquisition will also enhance Crescent Energy's non-core divestiture pipeline, which is expected to reach $1 billion. The combined company will have a larger asset base and more capital allocation flexibility across a vast development inventory, potentially leading to significant operating efficiencies.

The deal is expected to close by year-end 2025, subject to customary closing conditions, including shareholder and regulatory approvals. Crescent Energy and Vital Energy have both approved the transaction unanimously.

[1] https://www.ainvest.com/news/crescent-energy-advanced-talks-acquire-vital-energy-permian-basin-expansion-2508/
[2] https://investor.vitalenergy.com/news-releases/news-release-details/crescent-energy-acquire-vital-energy-all-stock-transaction