Tamarack Valley Energy to buy Deltastream for $1.425 billion

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Under the agreement for the privately held company, Tamarack will pay $825 million in cash, $300 million in the form of a deferred acquisition payment and $300 million in equity comprised of about 80 million Tamarack shares

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In conjunction with the acquisition, Tamarack also says it will increase its monthly dividend by 25 per cent. The company says it will pay 1.25 cents per share, up from a penny per share, starting with its November dividend, payable in December.

 

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