oilpatch deal
SCOTIAWATEROUS CNQ paid US$4B for Anadarko’s Canadian assets
BY SCOTT DEVEAU Financial Post [email protected]
The brevity of a deal is sometimes as important as the price, and that certainly was the case with the largest oil and gas acquisition in Canada last year.
The breakneck pace in which Canadian NaturalResources Inc.’s “swat team” of evaluators put together its US$4-billion offer for Anadarko Petroleum Corp.’s Canadian assets last year wound up undercutting the advertised price by about US$1-billion, according to Adam Waterous, president and head of ScotiaWaterous, which acted as financial adviser for Canadian Naturalon the deal.