M&A
confidence high
sentiment neutral
materiality 0.65
Ovintiv's NuVista acquisition gets 99% shareholder approval and court final order
Ovintiv Inc.
- NuVista shareholders approved arrangement with ~99% of votes cast at special meeting.
- Court of King's Bench of Alberta granted Final Order; closing expected shortly after Investment Canada Act approval.
- Cash consideration max C$1.57B; share consideration max ~30.1M Ovintiv shares (0.344 OVV/share).
- Electors for cash get 100% cash; electors for shares get ~58% shares/42% cash; default get ~71% cash/29% shares.