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Stocks In Play: Tourmaline Oil Corp.

Published 2024-08-12, 05:58 a/m
Stocks In Play: Tourmaline Oil Corp.
TOU
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Has entered into a definitive arrangement agreement with Crew Energy (TSX:CR), pursuant to which Tourmaline has agreed to acquire all of the issued and outstanding common shares of Crew in an all-stock transaction, valued at approximately $6.69 per Crew Share (the " Purchase Price ") or $1.3 billion, including Crew's net debt, which is estimated to be $240 million (including closing costs) as at the targeted closing date of October 1, 2024.

This content was originally published on Baystreet.ca

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