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

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 (SAGD) project 120 km (74 miles) south of Fort McMurray, Alberta, August 15, 2013. REUTERS/Todd Korol

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

Husky 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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Tags: A, CENOVUS, EN, Energy, HUSKY, M, US

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

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