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Tamarack Valley, Headwater Exploration agree $7.2 billion all-stock merger

Source: reuters.com

M&A & RestructuringEnergy Markets & PricesCommodities & Raw MaterialsCompany Fundamentals
Tamarack Valley, Headwater Exploration agree $7.2 billion all-stock merger

Tamarack Valley and Headwater Exploration will merge in an all-stock transaction valued at C$10 billion (US$7.25 billion). The deal creates the largest publicly traded producer focused on Alberta's Clearwater oil play, strengthening scale and consolidation in the Canadian oil sector.

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