The all-shares deal was approved by shareholders of both companies last week.
The offer by Cenovus to issue 0.7845 of a Cenovus share plus 0.0651 of a share purchase warrant in exchange for each Husky share was valued at
Cenovus shares, however, have gained 55 per cent since then as oil prices rise. The companies didn't provide an updated deal value in a joint news release on Monday.
The transaction is anticipated to formally close on
The combination is expected to create annual savings of
This report by
Companies in this story: (TSX:CVE, TSX:HSE)
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