Tourmaline Oil to acquire Deep Basin player Bonavista Energy for C$1.45bn
Tourmaline Oil Corp. (TSX: TOU) has struck a definitive share purchase agreement with all Bonavista Energy Corporation shareholders. The landmark deal, priced at CAD1.45 billion, consists of both cash and Tourmaline Oil common shares, summing up to a massive CAD 725 million each. The remainder will adjust for Bonavista Energy’s net debt at the point […]