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Cenovus to buy Athabasca Oil in $5.7-billion cash-and-stock deal
Source: The Globe and Mail
M&A & RestructuringEnergy Markets & PricesCompany Fundamentals
Cenovus Energy agreed to acquire Athabasca Oil in a cash-and-stock transaction valuing the Canadian oil producer at an implied enterprise value of C$5.7 billion. The deal would expand Cenovus’s oil sands business in Alberta.
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