Ovintiv to acquire NuVista Energy in $2.7bn deal

US-based exploration and production (E&P) company Ovintiv has agreed to acquire NuVista Energy in a cash and stock transaction valuing the Canadian company at around $2.7bn (C$3.8bn). Ovintiv previously acquired around 9.6% of NuVista’s shares in a private transaction at C$16 per share. Under the agreement, Ovintiv will acquire all issued and outstanding common shares of NuVista that Ovintiv does not already own for C$18.00 per share. The purchase price will be paid 50% in cash and 50% in Ovintiv common ...