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OVV — Ovintiv News Story

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Brief: Ovintiv To Acquire Logan Energy For Total Consideration Of About $890 Million

BRIEF-Ovintiv To Acquire Logan Energy For Total Consideration Of About $890 Million

- Ovintiv Inc. OVV.N:

  • OVINTIV INC - PROPOSED DEAL FOR TOTAL CONSIDERATION OF APPROXIMATELY $890 MILLION

  • OVINTIV ANNOUNCES AGREEMENT TO ACQUIRE MONTNEY OIL PRODUCER, LOGAN ENERGY CORP.

  • OVINTIV - DEAL EXPECTED TO BE ACCRETIVE INCLUDING 5% NON-GAAP CASH FLOW PER SHARE ACCRETION IN 2027

  • OVINTIV INC - PROPOSED DEAL FOR C$1.40 PER SHARE IN CASH

  • OVINTIV - EXPECTS NET DEBT TO BE BELOW $4 BILLION AFTER DEAL CLOSING IN Q1 2027

  • OVINTIV - ANNUAL COST SYNERGIES FROM DEAL EXPECTED TO TOTAL $60 MILLION

Further company coverage: OVV.N


((Reuters.Briefs@thomsonreuters.com;))

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