Ovintiv Inc. (OVV) Form 8-K — Oct 26, 2026
Ovintiv Inc. has entered into an Arrangement Agreement dated October 26, 2026 to acquire Logan Energy Corp. in an all-cash transaction at C$1.40 per Logan common share, effected via a plan of arrangement under the Business Corporations Act (Alberta). Ovintiv's board unanimously approved the deal, and Logan's board unanimously approved it on the recommendation of its special committee.
Key figures
- Newco financing
- minimum C$100,000,000 gross proceeds at C$1.00 per Newco share/unit
- Termination fee
- C$44,000,000 payable by Logan to Ovintiv Canada
- Dissent condition
- not greater than 5.0% of Logan shares exercising dissent rights
- Expense reimbursement
- C$5,000,000 payable by Logan if Newco Reorganization fails
- Consideration per share
- C$1.40 cash per Logan common share
- Shareholder vote threshold
- 66 2/3% of votes cast
- Logan warrant exercise price
- C$0.35 per Logan share
AI analysis
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