EPS Ventures to acquire CoolCo in $9.65 per share merger

CoolCo and EPS Ventures have announced a merger agreement for EPS to acquire all remaining outstanding CoolCo shares at $9.65 per common share. This represents a 26% premium over CoolCo's closing price on September 22, 2025, and a 38% premium to the 90-day volume-weighted average share price. The transaction, recommended by an independent special committee, is expected to close in Q4 2025 or Q1 2026.

EPS, which already holds 59.3% of CoolCo’s shares, will vote its shares in favor of the merger. CoolCo, an LNG carrier pure play with a fleet of 13 vessels, is pursuing this move to strengthen its long-term future and focus on lower-emission solutions.

Advisors for the transaction include Evercore and Latham & Watkins LLP for the special committee, and Skadden, Arps, Slate, Meagher & Flom (UK) LLP and Credit Agricole for EPS. Detailed merger information will be available in filings with the U.S. Securities and Exchange Commission (SEC).