Cenovus Energy to buy Husky Energy in an all-stock deal valued at C$23.6 billion

In this news, we discuss the Cenovus Energy to buy Husky Energy in an all-stock deal valued at C$23.6 billion.

(Reuters) – Cenovus Energy Inc will buy Husky Energy Inc in an all-equity transaction valued at C $ 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.

(Corrected in Canadian dollars)

Report by Ann Maria Shibu in Bengaluru; Edited by Susan Fenton

Original © Thomson Reuters

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