Canada’s Strathcona to Buy Greenfire in up to C$2.9 Billion Deal

(Reuters) – Canada’s Strathcona Resources said on Sunday it would acquire Greenfire Resources in a deal valued at about C$2.7 billion ($1.91 billion) to C$2.9 billion, including debt, as the oil producer expands its presence in Alberta’s oil sands region. Under the agreement, Greenfire shareholders can elect to receive either 0.25 Strathcona shares or C$11.00 … Read more