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Archaea Energy To Be Acquired By BP For Approximately $4.1 Billion

Author: Bill Haddad | October 17, 2022 07:15am

Archaea Energy Inc. ("Archaea") (NYSE:LFG), an industry-leading renewable natural gas ("RNG") company, today announced that it has agreed to be acquired by bp (NYSE:BP) for approximately $26 per Archaea Class A and Class B share in cash, or a total enterprise value of approximately $4.1 billion, including approximately $800 million of net debt. The cash consideration represents an approximately 38 percent premium to Archaea's volume weighted average share price for the 30 days ending October 14, 2022.

Posted In: BP LFG


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