TVE to merge in CAD 10B all-stock deal creating Canada’s largest Clearwater producer
TVE plans a CAD 10 billion all-stock merger to form Canada’s largest Clearwater producer, targeting at least CAD 50 million in annual synergies and enhanced shareholder returns. Legacy shareholders get a Tributary Exploration spin-out.
A CAD 10 billion all-stock merger will create Canada’s largest Clearwater producer, with the deal set to deliver immediate accretion, at least CAD 50 million in annual synergies and enhanced shareholder returns. Legacy shareholders will also benefit from a spin-out of Tributary Exploration. Based on Tamarack Va…