Logan Energy to be acquired by Ovintiv for $1.40 per share, with Logan Oil spin-out

OVV•2026-10-26

Ovintiv agreed to acquire Logan Energy for $1.40 per share in cash and spin out Logan Oil, valuing Logan at about C$1.26 billion including net debt. Logan shareholders will also receive 0.0817 Logan Oil share per Logan share.

Logan Energy to be acquired by Ovintiv for $1.40 per share, with Logan Oil spin-out

1. Deal terms

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