RE:TOU to Buy Crew Energy for $947 Million in All-Stock DealThis move is so good to see. Everyone knew this whole sector has been significantly undervalued for years, but consolidation changes everything.
Congratulations to everyone who bought in / added a few bucks ago.
Cheers and GLTA ARX Bulls!
Quintessential1 wrote: So much for my hopes of a Crew pick up....good deal for Crew and TOU...congrats to both.
The all-stock transaction is valued at approximately C$6.69 a share, representing a 72% premium over Crew’s closing price on Friday, according to a statement from Crew on Monday. Crew shareholders will receive 0.114802 of a Tourmaline share in exchange for each Crew share held. The transaction includes C$240 million in Crew’s net debt. https://ca.fintance.yahoo.com/news/tourmaline-buy-crew-energy-947-115638535.html GLTA ARX BULLS