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via finance.yahoo.comCapital Markets

Logan Energy agrees to be acquired by Ovintiv for $1.40 per share in cash

FROM THE WIRE · FINANCE.YAHOO.COM

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/ CALGARY, AB, Oct. 26, 2026 /CNW/ -- Logan Energy Corp. (TSXV: LGN) ("Logan" or the "Company") is…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe release formalizes deal terms and a spin-out of a new oil company, relevant for Logan shareholders.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Ovintiv Canada will acquire all Logan shares for $1.40 per share in cash.
  2. 02The deal values Logan at about $1.26 billion including net debt.
  3. 03The arrangement agreement is dated October 26, 2026.
  4. 04The release also includes the spin-out of Logan Oil Corp.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Logan Energy Corp.LGN.VStock1.45 CADMarket closedtoday +11.54%Positive Ovintiv Inc.OVVStock72.27 USDMarket closedtoday +4.29%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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