Ovintiv to Acquire Logan Energy for Approximately $890 Million
Ovintiv (OVV) has entered into a definitive agreement to acquire Logan Energy in an all-cash transaction valued at approximately $890 million, including debt. Under the terms of the deal, Ovintiv will pay C$1.40 per share for Logan Energy's outstanding shares. The acquisition is strategically designed to expand Ovintiv's footprint within Canada's Montney formation, a significant oil and gas-producing region. By integrating Logan Energy's assets, Ovintiv aims to strengthen its resource base and enhance operational efficiencies in the Canadian energy sector.
Tickers: $OVV
Topics: energy sector mergers and acquisitions oil and gas
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Part of the story Ovintiv Inc. - 8-K Filing (3 articles)