Brazilian oil company, HRT Participações em Petróleo, will acquire Canada’s UNX Energy. The deal has been valued at about $743.7 million for 118.3 million fully diluted outstanding shares.
HRT will finance the deal with global depositary shares. It will buy each UNX share in exchange for 0.5579 of a global depositary share. Bank of New York Mellon has been selected to establish the global depositary share structure.
Click here for the release from Canada Newswire.