Cygnet Energy to Acquire Kiwetinohk Energy
Cygnet Energy has agreed to acquire Kiwetinohk Energy Corp (KEC), a Calgary-based producer of natural gas, natural gas liquids, oil, and condensate.
KEC will be acquired for C$24.75 per share in cash, totaling approximately C$1.4 billion ($1 billion), including debt.
- Funding is primarily provided by NGP Energy Capital Management and Carlyle Group.
- ARC Financial Corp will roll over a portion of its KEC shares into Cygnet common shares.
The acquisition is expected to close in late December via a plan of arrangement under the Canada Business Corporations Act.
No statement from the companies.
Author summary: Cygnet Energy buys Kiwetinohk Energy.
More News
- Selling Sunset's Mary Bonnet Thinks Producers Set Up Chelsea Conflict
- Xbox Network and Minecraft Go Down After Major Microsoft Azure Outage | iPhone in Canada
- Lacoste Debuts Rolex Paris Masters 2025 Collection - V Magazine
- DWTS' Alan Bersten, Elaine Hendrix Taking 'It Easy' After Her Hospitalization
- Jimmy Butler issues “scary” warning to the rest of the NBA amid Warriors’ 4-1 start
- Landry's Explosive Quote That Signals Major Changes at LSU
- Lorient 1-1 PSG: Parisians held but remain top of Ligue 1
- Apple stock gets $320 target from BofA ahead of Q4 earnings - 9to5Mac
- Bruce Bruce County Museum marks Remembrance Day with special guest
- The children are starving; God is screaming – Baptist News Global