June 18, 2018 / 10:41 AM / 3 months ago

Canada's Baytex to buy oil producer Raging River for C$2.8 bln

June 18 (Reuters) - Canadian oil and gas producer Baytex Energy Corp said on Monday it would buy rival Raging River Exploration Inc for about C$2.8 billion ($2.13 billion).

Raging River shareholders will receive 1.36 shares of Baytex for each share they hold. ($1 = 1.3162 Canadian dollars) (Reporting by Parikshit Mishra in Bengaluru; Editing by Sai Sachin Ravikumar)

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