June 18, 2018 / 1:52 PM / 4 months ago

BUZZ-Baytex Energy: Falls on deal to buy Raging River for C$2.8 bln

** Canadian oil & gas producer’s shares down ~10 pct at C$4.57

** Company to buy rival Raging River Exploration Inc for about C$2.8 bln ($2.12 bln)

** Baytex’s offer represents a 10.4 percent premium to Raging River’s Friday close, according to Reuters calculations.

** RRX down more than 6 pct at C$5.90

** Up to Friday’s close, BTE is up ~20 pct YTD, RRX down ~26 pct ($1 = C$1.3192) (Reporting by Parikshit Mishra in Bengaluru)

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