Pacific Rubiales to buy C&C Energia

Mon Nov 19, 2012 9:39am EST
 
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Nov 19 (Reuters) - Oil and natural gas producer Pacific Rubiales Energy Corp said it will buy C&C Energia Ltd in a deal valued at about C$499 million ($497.3 million) to create a Colombia-focused junior exploration company.

The offer of about C$7.81 per share represents a premium of 4 percent to C&C Energia's Friday close of C$7.50.