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Contract Type
partnership
CalgaryEnergyBiomass EnergyDescription
Crew Energy Inc. has entered into a definitive arrangement agreement with Tourmaline Oil Corp., pursuant to which Tourmaline has agreed to acquire all of the issued and outstanding common shares of Crew in an all-stock transaction valued at approximately $1.3 billion, including Crew's net debt. The proposed Transaction is expected to close on or about October 1, 2024.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months