Tourmaline Oil announces deal to buy Bonavista Energy worth $1.45 billion – Brandon Sun
Breaking News, Sports, Manitoba, Canada
Source: brandonsun.com
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Breaking News, Sports, Manitoba, Canada
Breaking News, Sports, Manitoba, Canada
CALGARY - Tourmaline Oil Corp. announced an agreement Monday to buy Bonavista Energy Corp. in a deal worth $1.45 billion.
Under the acquisition, Tourmaline Oil will pay $725-million in shares and $725-million in cash, less Bonavista’s net debt at closing
Canada’s largest natural gas producer, Tourmaline Oil Corp., disclosed it plans to acquire Bonavista Energy Corp. as it looks to add “decades of