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Ovintiv Announces $890 Million Acquisition of Logan Energy

Nasdaq +3 · ·by G4L

OVV
OVV Ovintiv Inc
$61.60 +1.82%
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  1. 1Ovintiv shares fell 1.5% in pre-market trading on Monday.
  2. 2Ovintiv agreed to pay a total consideration of approximately 1.26 billion Canadian dollars, including the assumption of net debt.
  3. 3Ovintiv expects annual cost synergies of approximately $60 million.

So what's the key point?

Ovintiv has decided to acquire Logan Energy. While this is expected to save on costs, the stock price fell 1.5%.

Source Nasdaq +3 · View original ↗

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