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Athabasca Oil Corporation

09:48 AM EST - Athabasca Oil Corporation : Has entered into a definitive arrangement agreement with Cenovus Energy Inc., pursuant to which Cenovus will acquire all of the issued and outstanding common shares of Athabasca for $12.00 per Athabasca Share in a cash-and-share transaction. The Transaction implies an equity value for Athabasca of approximately $5.8 billion and is expected to close in December 2026. Athabasca Oil Corporation shares T.ATH are trading up $1.42 at $12.00.