Cygnet Energy Enters into Agreement to Acquire Kiwetinohk Energy Corp.
Cygnet Energy Ltd., a private exploration and production company, has entered into a definitive arrangement agreement with Kiwetinohk Energy Corp. to acquire all of the issued and outstanding common shares of KEC for C$24.75 per share in cash.
The Acquisition consideration is approximately C$1.4 billion, inclusive of equity and net debt to be assumed, and brings together two complementary asset bases, creating a combined company with greater scale, enhanced operational synergies, and significant long-term resource potential.
Author's summary: Cygnet Energy acquires Kiwetinohk Energy Corp.
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