Cenovus Energy to buy Husky Energy in an all-stock deal valued at US$23.6 billion

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Cenovus Energy Inc will buy Husky Energy Inc in an all-stock transaction valued at US$23.6 billion, the companies said in a statement on Sunday.

FILE PHOTO: Pipelines carrying steam to wellheads and heavy oil back to the processing plant line the roads and boreal forest at the Cenovus Energy Christina Lake Steam-Assisted Gravity Drainage project 120 km south of Fort McMurray, Alberta, August 15, 2013.

Todd KorolHusky shareholders will receive 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share, according to the statement.

 

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