Twin Butte Energy to Acquire Waseca Energy for $136.3m New Report
Twin Butte Energy Ltd (TBE) agreed to acquire Waseca Energy Inc (Waseca) from Sprott Resource Corp (SRC), and Waseca’s shareholders, for a purchase consideration of approximately CAD134.5m ($136.3m) or CAD1.35 ($1.36) per share in cash. The consideration will comprise a minimum of CAD32.2m ($32.63m) and a maximum of CAD58.9m ($59.7m) in cash (assuming the Waseca options and performance shares are arranged in accordance with the arrangement agreement) and a minimum of 28.9 million and a maximum of 39 million in...
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