Aarkstore Enterprise - Total To Acquire Uts Energy: A Move That Will Consolidate Totals

Aarkstore announce a new report " Total To Acquire UTS Energy: A Move That Will

Consolidate Totals Canadian Oil Sands Operations - Deal Analysis" through its vast collection of market research report.

Summary

Total E&P Canada Ltd., a subsidiary of TOTAL S.A. (Total), signed an agreement to acquire UTS Energy Corporation (UTS Energy) for a purchase consideration of CAD 1,150 million ($1,088.05 million) or at CAD2.35 per share ($2.22 per share).

Under the terms of the agreement, UTS will transfer its assets, other than its Fort Hills interest, in the Athabasca region, Alberta. The purchase consideration includes a cash amount of CAD3.08 per share ($2.92 per share). Total will also acquire the cash held by UTS which is equivalent to CAD355 million ($335.88 million), or CAD0.73 per share ($0.7 per share).

The earn-in costs owed to UTS by its Fort Hills partners (approximately CAD 704 million) will be transferred to Total, which means that the net acquisition cost to Total for approximately 680 million barrels of resources is CAD0.65 per barrel ($0.61 per barrel).

The transaction is subject to regulatory approvals from the Canadian authorities and to the acceptance of the plan of arrangement by at least 66.67% of UTS shareholders attending a special shareholders meeting.

The transaction implies deal value of $0.62 per boe of contingent resources.

Scope

Rationale behind Total acquiring assets from UTS Energy

Strategic Benefits for the companies involved

Geography covered -Canada

Deal Financials and Valuations

Information on Total, UTS Energy

Reasons to buy

Develop a sound undestanding of the major M&As, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry

Identify the most lucrative segments to leverage on the growth oppurtunities available in the Canadian oil & gas market

Get a detailed analysis of a deal to enable you to take better decisions

Know about the major companies, which are adopting a divestment or acquisition strategy to enhance their business portfolios

Learn about the key fiancial advisors in a particular segment in the Oil & Gas Industry

Understand the various means of raising funds from the market.

For more information, please visit:

http://www.aarkstore.com/reports/Total-To-Acquire-UTS-Energy-A-Move-That-Will-Consolidate-Totals-Canadian-Oil-Sands-Operations-Deal-Analysis-From-GlobalData-60408.html

Or email us at press@aarkstore.com or call +919272852585

by: Aarkstore Enterprise

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