Q: Do you know what the tax consequences will be for Veren shareholders? I see no mention so I am assuming that this will be a taxable event. I'm hoping that as a merger it will not result in capital gains taxes but just an adjustment to the ACB.
5i Research Answer:
We need to wait for the circular to be sure, which will be out in two weeks or so. But typically, Canadian/Canadian takeovers/mergers are tax free, to Canadians, providing a rollover indication is filed with the CRA.