BRIEF-Vitesse Energy To Acquire Lucero Energy In An All-Stock Transaction

Reuters12-16

Dec 16 (Reuters) - Lucero Energy Corp :

* VITESSE ENERGY TO ACQUIRE LUCERO ENERGY IN ACCRETIVE ALL-STOCK TRANSACTION SUPPORTING INCREASE TO VITESSE’S DIVIDEND

* VITESSE ENERGY INC - DEAL VALUED AT $222 MILLION

* VITESSE ENERGY INC - LUCERO SHAREHOLDERS TO RECEIVE 0.01239 VITESSE SHARES PER LUCERO SHARE

* VITESSE ENERGY INC - TARGETS $3 MILLION IN ANNUAL SYNERGIES

* VITESSE ENERGY INC - EXPECTS TO INCREASE DIVIDEND TO $2.25 PER SHARE

Source text: Further company coverage:

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