Waterous Energy Fund wins bid to acquire Osum Oil Sands: Reuters

Energy private equity firm Waterous Energy Fund succeeded in its bid to take a controlling interest in Osum Oil Sands this week, shortly after the oil producer’s board ended its opposition to the deal, Reuters reported.

Energy private equity firm Waterous Energy Fund succeeded in its bid to take a controlling interest in Osum Oil Sands this week, shortly after the oil producer’s board ended its opposition to the deal, Reuters reported. Waterous’ latest offer was to buy up to 57 million shares of the Calgary-based oil and gas producer at C$3 per share, implying a deal value of C$171 million ($135.62 million).

Source: Reuters