Range Energy Resources Inc. Announces Completion Of Acquisition Of Envirogold Global (Can) Ltd., Name Change And Conditional Cse Listing Approval
Jul 15, 2021•about 4 years ago
Acquiring Company
Range Energy Resources
Acquired Company
EnviroGold Global Ltd
Description
EnviroGold Global Limited (formerly, Range Energy Resources Inc.) (CSE: RGO) (the "Company" or "EGGL") is pleased to announce that it has completed its previously announced business combination (the "Transaction") where it changed its name from "Range Energy Resources Inc." to "EnviroGold Global Limited" ("EGGL"), and then acquired EnviroGold Global (CAN) Ltd. ("EnviroGold Global").
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed