Talk Online News

https://www.reuters.com/markets/deals/c ... 023-08-01/

Aug 1 (Reuters) - Canadian oil producer Strathcona Resources on Tuesday said it will go public by acquiring smaller rival Pipestone Energy Corp (PIPE.TO) in an all-stock deal to create a combined business with a market capitalization of C$8.6 billion ($6.49 billion).

Strathcona said the combined company will retain its name and be led by its CEO Rob Morgan. It did not say when Strathcona plans to start trading in Toronto.

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