Canadian E&P Merger to Create Montney Shale Natural Gas, Condensate Goliath naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.
Arc Resources, Seven Generations merging in major Montney tie-up
Noah Zivitz, BNN Bloomberg VIDEO SIGN OUT
Arc Resources Ltd. and Seven Generations Energy Ltd. announced a tie-up late Wednesday, in a transaction that would bring together a pair of major players in Canada s Montney region.
Under the terms of the transaction, Seven Generations shareholders will receive 1.108 Arc shares for each share held. Once the deal closes, Arc s shareholders will own 49 per cent of the combined entity and Seven Generations holders will own 51 per cent, according to a joint media release. The combined company will retain Arc s name and will be headquartered in Calgary.
Arc Resources, Seven Generations merging in major Montney tie-up
Noah Zivitz, BNN Bloomberg VIDEO SIGN OUT
Arc Resources Ltd. and Seven Generations Energy Ltd. announced a tie-up late Wednesday, in a transaction that would bring together a pair of major players in Canada s Montney region.
Under the terms of the transaction, Seven Generations shareholders will receive 1.108 Arc shares for each share held. Once the deal closes, Arc s shareholders will own 49 per cent of the combined entity and Seven Generations holders will own 51 per cent, according to a joint media release. The combined company will retain Arc s name and will be headquartered in Calgary.