Vivakor’s Strategic Acquisition Bolsters Energy Sector Presence
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The latest announcement is out from Vivakor ( (VIVK) ).
Vivakor, Inc. has finalized a strategic acquisition of Endeavor Entities, enhancing its position as a major player in the energy transportation and services sector with a large fleet of over 500 commercial tractors and trailers. The deal, valued at $120 million, includes various subsidiaries operating in crude oil and water hauling, as well as a crude oil shuttle pipeline and processing facility. The agreement, which involves the issuance of common and preferred stock, marks a significant expansion for Vivakor and is expected to deliver value to shareholders through sustainable earnings growth.
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