Cenovus to buy Husky Energy in $23.6 Billion-dollar deal, company to stay in Alberta

Cenovus to buy Husky Energy in $23.6 Billion-dollar deal, company to stay in Alberta
CALGARY — Cenovus Energy Inc. will buy Husky Energy Inc. in an all-stock transaction valued at $23.6 billion, the Calgary-based companies said Sunday in a joint announcement. The merged Cenovus Energy Inc. will remain headquartered in Alberta. The deal would combine the companies into a new integrated oil and gas business with increased and more stable cash flows, the statement... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Cogeco earnings Cogeco Inc. and Cogeco Communications release Q4 results after markets close on Tuesday. The company announced Wednesday its plans to buy internet and cable provider DERYTelecom for $405 million, adding about 100,000 internet and cable customers in its home province of Quebec.... Read More