Cenovus To Buy Husky For $2.9 Billion To Create No.3 Canadian Energy Firm; More Deals Seen

Cenovus Energy Inc has agreed to buy rival Husky Energy Inc in an allstock deal valued at C$3.8 billion ($2.9 billion) to create Canada's No. 3 oil and gas producer as a pandemicdriven demand collapse and weak oil prices force the industry to consolidate.

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