Friday, 14 August 2026

Diversified Energy said it has held preliminary discussions about a possible acquisition of Birch Resources, responding to media speculation in a statement issued through GlobeNewswire.

The company described the talks as ongoing and at an early stage. "No agreement has been reached, and there is no certainty that any transaction will occur," Diversified Energy said in the statement.

Acquisitions have been the company's main growth route. Diversified Energy said it has completed 35 acquisitions totaling more than USD 7 billion of value since its initial public offering in 2017.

The statement gave no financial terms for a potential Birch Resources transaction, no timetable, and no indication of how the talks began.

Brookfield and La Caisse have closed their acquisition of renewable power producer Boralex, the buyers said in a GlobeNewswire statement. The purchaser took all issued and outstanding class A common shares at CAD 37.25 per share in cash.

Brookfield led the purchase together with institutional partners including Brookfield Renewable Partners, alongside La Caisse, formerly CDPQ, according to the announcement.

Boralex shares are expected to be delisted from the Toronto Stock Exchange on or about August 17, 2026, the statement said.

Boralex put its installed capacity at 3,822 MW, an increase of more than 50% over the past five years.

Diversified Energy has confirmed preliminary discussions over a potential acquisition of Birch Resources, according to World Oil, which reported the confirmation followed media speculation about a possible transaction.

The company said the talks are at an early stage and that no agreement has been reached, per World Oil. Diversified cautioned that there is no certainty a transaction will take place or what terms might ultimately be agreed.

World Oil reported that Diversified did not disclose potential terms, valuation or a timeline for the Birch Resources discussions.

Acquisitions have been the company's core growth route. Since its 2017 initial public offering, Diversified has closed 35 acquisitions representing more than USD 7 billion in value, according to World Oil.

Merger talks between Phillips 66 and Marathon would have run into antitrust review because the two companies together control roughly a quarter of US refining capacity, Semafor reported.

Semafor said the scrutiny risk was sharpened by the small number of standalone refiners left in the US market, leaving few comparable buyers or competitive offsets for a combination of that size.

A separate complication sits inside Phillips 66's portfolio. The company holds a chemicals joint venture with Chevron in which each partner has a right of first refusal to acquire the business outright, according to Semafor.

Efforts to sell that chemicals venture have already stalled. Semafor reported that attempts from both the Chevron side and the Phillips 66 side ran into hurdles, citing people it did not name.