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Canadian oil firm Whitecap Resources has agreed to acquire Kicking Horse Oil & Gas, an indirect subsidiary of Quantum Energy Partners, in a stock-and-cash deal worth C$300m ($239.08m).
The deal consideration includes 34.5 million common shares of Whitecap and $56m ($44.6m) in cash. It also includes the assumption of $54m ($43m) net debt.
With the deal, Whitecap will add Kicking Horse’s assets in the liquids-rich portion of the Alberta Montney to its existing Northern Alberta and British Columbia business unit, while completing the existing Montney position at Karr.
AIP to acquire Ingersoll Rand’s stake worth $300m in HPS Segment
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Private equity firm American Industrial Partners (AIP) has agreed to acquire Ingersoll Rand’s majority interest in High Pressure Solutions (HPS) Segment for approximately $300m.
Upon the completion of the deal, Ingersoll Rand will retain a 45% common equity interest in HPS Segment.
The transaction is planned to be completed in the first half of 2021, subject to customary closing conditions.
Ingersoll Rand CEO Vicente Reynal said: “Today’s transaction is a meaningful step forward in our transformation and achieves many of the goals we have previously communicated.
On the final day of 2020, John and Lynn celebrate the year-end and a new beginning with a best-of show featuring interviews previously aired that inspired them to carve out the work needed to change our world for the better in terms of technology.
( 01:40) The first guest is Dr. Andrew Maynard, an expert on socially responsible technology development. He writes that human beings have a responsibility and indeed can play a role in shaping technology to serve and be useful instead of taking us down the wrong path his new book,
( 27:10) Then, how to protect ourselves and our children in the cyber world. Cybersecurity expert and Retired Army Colonel, Terry McGraw is the second guest on this year end show. John and Lynn speak with Terry about the steps Utah parents can take to secure their children s data while they learn online. Terry also discusses how Utah s local and state officials are taking steps to protect their communities from cyberattacks.