BP to Acquire RNG Producer Archaea in $4.1B Deal

In what amounts to the largest renewable energy transaction this year, Houston-based Archaea Energy Inc. announced Monday that it has agreed to be acquired by BP for $4.1 billion.

The BP offer for Archaea, which specializes in the production of biofueled renewable natural gas, includes $800 million in Archaea debt and represents a premium of 38 percent based on Archaea’s volume weighted share price for the 30 days ending October 14.