M&A
Whitecap Expands Montney Holdings, Gains Duvernay Presence With Deal To Acquire XTO’s Canadian Operations
Whitecap Resources Inc. has bulked-up its Montney asset base and gained entry into the Duvernay after announcing Tuesday it will acquire XTO Energy Canada for approximately $1.9 billion in cash and the assumption of estimated positive working capital on closing, resulting in net purchase price of $1.7 billion.
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