Crew Energy (TSE:CR) has released an update.
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Crew Energy Inc. has agreed to a share-for-share acquisition by Tourmaline Oil Corp., with an impressive 70% premium over Crew’s recent average stock price, signaling a strategic move that will allow shareholders to participate in Canada’s largest natural gas producer. The deal, valued at $1.3 billion, promises to accelerate Crew’s growth opportunities and offers shareholders continued investment in the company’s high-quality asset base.
For further insights into TSE:CR stock, check out TipRanks’ Stock Analysis page.
