Vinson & Elkins Advises NuVista Energy on Agreement to be Acquired by Ovintiv Inc.
Vinson & Elkins LLP advised NuVista Energy Ltd. (TSX: NVA) in connection with its definitive arrangement with Ovintiv Inc. (TSX: OVV; NYSE: OVV) and Ovintiv Canada ULC, pursuant to which Ovintiv Canada has agreed to acquire all issued and outstanding common shares of NuVista not already owned by Ovintiv or its affiliates.
The transaction values NuVista at approximately $3.8 billion CAD, including the assumption of NuVista’s net debt, and is expected to close in the first half of 2026.
The Vinson & Elkins team was led by partners Matt Strock and Alex Robertson, with assistance from associate Chaudhry Hameed. Other key team members include partner David Peck and counsel Allyson Seger; partner Kara Kuritz; partners Doug McWilliams, Jackson O’Maley, and Bryan Loocke; partner Jennifer Cornejo and Jacob Baltzegar.
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