Business news in brief: short original summaries of markets, economy and company stories, with links to the original reporting.
Business ·
Cenovus Energy has agreed to buy Athabasca Oil Corp. in a cash-and-stock deal valued at $5.7 billion, expanding its steam-driven oilsands business, CBC News and The Canadian Press reported on Monday.
Business ·
US stocks closed higher on Monday, with the Nasdaq Composite finishing at a record high, as technology shares linked to artificial intelligence rallied and oil prices fell.
Business ·
Schneider Electric and US software company PTC announced on Monday a definitive agreement for Schneider to acquire PTC for $205 per share in cash, a deal valued at about $22.6 billion.
Business briefs cover markets, deals, earnings and the economy. Figures such as prices, deal values and index levels come from the linked company releases and market reports. Nothing here is investment advice.
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