Olenox Shares Slip After Announcement to Buy Vivakor’s CPE Gathering Assets
Olenox Industries reported plans to acquire the midstream operations and transportation assets of CPE Gathering MidCon, LLC from Vivakor for about $36 million, a transaction to be paid with a mix of cash, a promissory note, and both common and preferred stock. The deal is underpinned by a take-or-pay guarantee from Vivakor that specifies $4.56 mill…