CNQ is acquiring Devon’s remaining Canadian operations for $3.775B, or ~$3.25B net of anticipated FCF between the January 1st effective date and the June 27th anticipated closing date. CNQ is financing the transaction with a new three-year $3.25B committed facility.
30 May 2019
Consolidation continues with Devon purchase
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Consolidation continues with Devon purchase
Canadian Natural Resources Limited (CNQ:TSE) | 0 0 (-1.6%) | Mkt Cap: 47,712m
- Published:
30 May 2019 -
Author:
Michael P. Dunn -
Pages:
10
CNQ is acquiring Devon’s remaining Canadian operations for $3.775B, or ~$3.25B net of anticipated FCF between the January 1st effective date and the June 27th anticipated closing date. CNQ is financing the transaction with a new three-year $3.25B committed facility.