Canada's Strathcona to buy Greenfire in up to $2.1 billion deal

​Canada's Strathcona Resources said on ​Sunday it would ‌acquire Greenfire ​Resources in a deal valued at about C$2.7 billion ($1.91 billion) to C$2.9 billion, including ‌debt, as the oil producer expands its presence in Alberta's oil sands region.

Under the agreement, Greenfire shareholders can elect to receive either 0.25 ‌Strathcona shares or C$11.00 in cash for each Greenfire share, the ‌company said.