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Shareholders approve $15B merger creating Canada's seventh-largest oil and gas firm.
Shareholders of Veren Inc. have approved a $15-billion merger with Whitecap Resources Inc., creating the seventh-largest Canadian oil and gas company by production.
The combined company will operate under Whitecap's name and management, becoming the largest landholder in the Montney and Duvernay shale regions and the second-largest oil producer in Saskatchewan.
The deal is set to close early next week.
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Los accionistas aprueban una fusión de $15 mil millones creando la séptima mayor empresa de petróleo y gas de Canadá.