Crescent Point Energy to buy Hammerhead Energy in $1.86 bln deal

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Crescent Point Energy to buy Hammerhead Energy in $1.86 bln deal
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The deal would add about 800 net Montney drilling locations, says Crescent Point

said on Monday it would acquire Hammerhead Energy in a deal valued at $2.55 billion to boost its presence in Montney shale in Alberta.Hammerhead shareholders would receive $21.

00 per fully diluted common share of Hammerhead, through a combination of approximately $1.5 billion in cash and 53.2 million common shares of Crescent Point.Tickers mentioned in this story

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