Move would create third-largest oil and natural-gas producer in Canada
Husky shareholders would receive a roughly 21% premium to their shares, the companies said. Rows of equipment at a Cenovus project in Alberta, Canada.
Canadian oil-sands producer Cenovus Energy Inc. and Husky Energy Inc., controlled by Hong Kong billionaire Li Ka Shing, agreed to merge in an all-stock deal valued at 3.8 billion Canadian dollars, equivalent to US$2.9 billion...
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