East Resources Acquisition Company (ERES) to Combine with Abacus Life in $618M Deal

East Resources (NASDAQ:ERES) has entered into a definitive agreement to combine with life insurance company Abacus Life at an enterprise value of $618 million, or 26x its 2021 revenue. Orlando, Florida-based Abacus trades and holds active life insurance policies as investment assets. The combined company is expected to trade on the Nasdaq under the symbol
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