Ovintiv Acquires NuVista Energy in Stock-and-Cash Transaction.

Ovintiv Inc. has agreed to acquire NuVista Energy Ltd. in a stock-and-cash transaction, subject to closing conditions. The transaction will be a plan of arrangement under the Business Corporations Act (Alberta). Ovintiv will acquire all outstanding shares of NuVista for $4.25 per share, with 70% paid in Ovintiv shares and 30% paid in cash. The deal is expected to close in Q1 2026.