(Reuters) - Cenovus Energy (NYSE:CVE) Inc will buy Husky Energy (OTC:HUSKF) Inc in an all-stock transaction valued at $23.6 billion, the companies said in a statement on Sunday.
Husky shareholders will receive 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share, according to the statement.