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Stocks in play: Tenaz Energy Corp.
Has entered into an agreement with Nederlandse Aardolie Maatschappij B.V., a 50/50 joint venture between Shell PLC and ExxonMobil Corporation, to acquire all of the issued and outstanding shares of NAM Offshore B.V. for base consideration of €165 million ($246 million), prior to closing adjustments and contingent payments. The transaction has an effective date of January 1, 2024 and is expected to close mid-2025 following statutory merger clearances and operational transition activities. Tenaz Energy Corp. shares T.TNZ are trading up $1.21 at $4.88.
