Husky buying Renaissance

Article Abstract:

Calgary, Alb.-based Husky Oil Ltd., which is a privately-owned oil company, will acquire Calgary, Alb.-based Renaissance Energy Ltd. for $2.58 billion. Husky, which is controlled by Hong Kong tycoon Li Ka-shing, will become one of the largest oil and gas firms in Canada after the deal is completed.

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Oil patch targets: A list of possible takeovers

Article Abstract:

Industry analysts have identified a number of oil and gas companies that are potential takeover targets. The firms include Talisman Energy Inc., Cabre Exploration Ltd., Anderson Exploration Ltd., Crestar Energy Inc., Berkley Petroleum Corp. and Gulf Canada Resources Ltd.

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Renaissance still sinking after Husky bid

Article Abstract:

Calgary, Alb.-based Husky Oil Ltd. has made an acquisition bid for Calgary, Alb.-based Renaissance Energy Ltd., which reports a continued decline in its share value. Husky Oil, which is led by chief executive officer John Lau, is a privately-held company.

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