Athabasca Oil announces agreement to be acquired by Cenovus Energy
CVE•Cenovus Energy agreed to acquire Athabasca Oil for $12 per share in a cash-and-share deal, implying an equity value of $5.80 billion. The deal is expected to close in December 2026.
1. Acquisition agreement
Cenovus Energy agreed to acquire Athabasca Oil for $12 per share in a cash-and-share deal. The transaction implies an equity value of $5.80 billion and is expected to close in December 2026.
