Cenovus announces agreement to acquire Athabasca Oil
Cenovus announced an agreement to acquire Athabasca Oil Corporation.
Story updates
10:02:55 AM UTC
SquawkNews
Cenovus Energy Athabasca Oil Deal Has Implied Enterprise Value of C$5.7 Billion >CVE.T ATH.T
10:04:58 AM UTC
SquawkNews
Athabasca Oil: Cenovus Will Acquire All of Issued and Outstanding Athabasca Shrs for Cash and Shr Consideration Currently Valued at C$12 Per Athabasca Shr >ATH.T
10:08:43 AM UTC
SquawkNews
Cenovus entered a definitive deal to acquire Athabasca Oil for an implied $5.7B, offering $12.00 per share in cash or 0.264 Cenovus shares, subject to proration. Closing is expected in Dec 2026, pending approvals.Material DetailsContext by AI AnalystThis is a major step in Cenovus’s oil sands conso…
10:27:18 AM UTC
SquawkNews
Cenovus Energy TSX:CVE said on Monday it would acquire Athabasca Oil TSX:ATH in a cash-and-stock transaction valuing the Canadian oil producer at an implied enterprise value of C$5.7 billion ($4 billion), expanding its oil sands business in Alberta.The acquisition will add about 45,000 barrels of o…