COMPANY NEWS: Canadian oil and gas M&A activity continues unabated

Merger and acquisition activity involving Canadian oil and gas companies continues unabated. Meanwhile, other companies are reassessing and restructuring their assets.In the latest flurry of M&A action involving Canadian firms:ARC Energy Trust said it will acquire Startech Energy Inc. in a $485 million (Can.) takeover deal.Vintage Petroleum Inc., Tulsa, will acquire Calgary-based exploration company Cometra Energy (Canada) Ltd. from Electrafina-which is part of Groupe Brussels Lambert SA-for $46.3 million (US) cash.Ultra Holdings Inc. (UHI), Vancouver, said it will vote against Ultra Petroleum Corp.'s proposed acquisition of Houston-based Pendaries Petroleum Ltd. at a general sharehol...

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