EPSM Stock Skyrockets Over 78% on $1.85B Take-Private Deal
Shares surge on massive volume after EPS Ventures announced its intention to acquire LNG shipping firm Cool Company.
Shares of Cool Company (EPSM) skyrocketed 78.58% to close at $26.93 in a dramatic trading session driven by news of a major corporate buyout. The surge came after EPS Ventures announced it had entered into to acquire the LNG shipping operator. Trading volume was more than ten times the daily average as investors reacted enthusiastically to the take-private deal.
The transaction , signaling a significant premium and robust confidence in the company's assets and future earnings potential. EPS Ventures, which already holds a majority 59.3% stake in Cool Company, will acquire all remaining outstanding shares, consolidating its control over the maritime logistics provider.
Cool Company, established in 2022 as a spin-off from Golar LNG, has quickly become a notable player in the global energy market. The company , managing a balanced portfolio of short and long-term charters with leading energy and utility companies. This strong charter backlog provides stable, predictable earnings and helps insulate the firm from spot market volatility, a key factor making it an attractive acquisition target.
An independent Special Committee of CoolCo's Board of Directors reviewed and negotiated the merger terms, ultimately recommending the deal as fair and in the best interests of the company and its minority shareholders. The acquisition is expected to close in the fourth quarter of 2025 or the first quarter of 2026, . Upon completion, Cool Company will become a wholly-owned subsidiary of EPS Ventures and will be delisted from the New York Stock Exchange and Euronext Growth Oslo, marking its transition from a public entity to a private one.