Cenovus to Acquire Athabasca Oil for C$5.7 Billion
Cenovus Energy has agreed to acquire Athabasca Oil in a cash-and-stock deal valued at C$5.7 billion, expanding its thermal oil sands position in western Canada.
7 billion ($4 billion), expanding its thermal oil sands position in western Canada. Under the terms of the agreement, Athabasca shareholders will have the option to receive C$1.