Market movers: Stocks that saw action on Tuesday - and why Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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A roundup of some of the North American equities making moves in both directions today
On the rise
Calgary’s
Tervita Corp. (TEV-T) in an all-stock deal valued at $478-million, the latest consolidation in the country’s oil sector.
The deal, which will value the combined company at around $2.3-billion, comes as oil and gas companies seek to benefit from a recent run-up in crude oil prices while keeping a tight leash on costs.
By Reuters Staff
1 Min Read
(Reuters) - Canada’s Secure Energy Services Inc said on Tuesday it would buy waste management services firm Tervita Corp in an all-stock deal valued at C$478 million ($379.5 million), the latest consolidation in the country’s oil sector.
The deal, which will value the combined company at around C$2.3 billion, comes as oil and gas companies seek to benefit from a recent run-up in crude oil prices while keeping a tight leash on costs.
Secure, which operates a network of crude processing and storage plants, oil and water pipeline and crude-by-rail terminals, said it will pay 1.2757 of its shares for each Tervita share held.
Canadian oilfield services provider Secure Energy Services Inc said on Tuesday it would merge with waste management service firm Tervita Corp in a deal that…
Secure Energy shares soar on $478M friendly Tervita takeover bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.