Announced
Financials
Tags
Friendly
Integrated Oil and Gas
oil and natural gas
Canada
Majority
Privatisation
Public
Domestic
Single Bidder
Acquisition
Pending
Synopsis
Canadian Natural Resources, a hydrocarbon exploration firm, agreed to acquire Storm Resources, an oil and natural gas explorer, for $960m. The transaction is subject to various closing conditions, including receipt of court approval, the required storm securityholder approval at the meeting and certain regulatory approvals, including clearance under the competition act (canada). Upon closing of the transaction, the storm shares will be de-listed from the tsx.
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