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Cenovus to buy Athabasca Oil in $4 billion deal to expand oil sands operations
Source: proactiveinvestors.com
M&A & RestructuringEnergy Markets & PricesCommodities & Raw MaterialsCompany Fundamentals
Cenovus Energy said Monday it would acquire Athabasca Oil in a C$5.7 billion (approximately US$4 billion) cash-and-stock deal. The acquisition would expand Cenovus’s Alberta oil sands operations.
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