Amplify Energy and Juniper Capital Call Off Merger Amid Market Volatility
Deal News | Apr 25, 2025 | EIN
Amplify Energy Corp. and Juniper Capital Advisors have mutually decided to terminate their previously announced merger, citing extraordinary market volatility as the reason. As per the termination agreement, Juniper capital will receive a $800,000 cash payment instead of a termination fee. Amplify Energy will also cancel its upcoming special stockholders' meeting. The company plans to announce updates on its business, including capital allocation and free cash flow, during the first-quarter earnings release. Amplify remains focused on evaluating strategic alternatives to maximize stockholder value. The company cautions that the termination may affect its relationships with stakeholders and could lead to significant costs associated with litigation.
Sectors
- Energy
- Private Equity
Geography
- United States – The companies involved, Amplify Energy and Juniper Capital, are based in the United States, thus the geography classification is relevant.
Industry
- Energy – The article involves Amplify Energy Corp., an independent oil and natural gas company, making it relevant to the Energy sector.
- Private Equity – Juniper Capital Advisors, a private equity firm, was part of the merger agreement, making it relevant to the Private Equity industry.
Financials
- $800,000 – Cash payment to Juniper in lieu of a termination fee as per the termination agreement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amplify Energy Corp. | Target Company | Company | An independent oil and natural gas company engaged in the acquisition, development, and production of oil and natural gas. |
| Juniper Capital Advisors, L.P. | Potential Buyer | Company | A private equity firm involved in the terminated merger agreement with Amplify Energy. |
| FTI Consulting | Public Relations | Company | FTI Consulting appears to be providing PR services to Amplify Energy. |