In this news, we discuss the Cenovus Energy to buy Husky Energy in an all-stock deal valued at $23.6 billion.
(Reuters) – Cenovus Energy Inc will buy Husky Energy Inc in an all-stock transaction valued at $ 23.6 billion, the companies said in a statement on Sunday.
Husky shareholders will receive 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share, the statement said.
Report by Ann Maria Shibu in Bengaluru; Edited by Susan Fenton
Original © Thomson Reuters