It did not say when the combined company will start trading.
Pipestone Energy has a market capitalization of $756.83 million, according to Refinitiv Eikon data.
Pipestone shareholders will receive about 9.05% of the pro forma equity in the amalgamated company, with existing Strathcona shareholders owning the rest.
Including debt, the combined company will have a market capitalization of C$11.5 billion.
Calgary, Alberta-based Strathcona was formed in 2020 by the merger of two Waterous Energy Fund-backed companies, Strath and Cona.
Persons:
Strathcona, Rob Morgan, Juby Babu, Savio D'Souza, Rashmi
Organizations:
Strathcona Resources, Pipestone Energy Corp, Strathcona, Pipestone Energy, Energy, Thomson
Locations:
Strathcona, Calgary , Alberta, Bengaluru