Egypt-focused TransGlobe Energy Corp. has agreed to merge with fellow Calgary-based firm Caracal Energy Inc. in a US$370 million deal that will create one of the largest independent Africa-focused oil producers. Currently operating in Chad, Caracal will issue 1.23 shares for each of TransGlobe's 74.7 million shares for a total stock value of $612 million (£368 million) based on its prior day trading close. The total deal value also accounts for TransGlobe's $242 million......
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