Tidewater Midstream to acquire remaining stake in Tidewater Renewables

• Tidewater Midstream will acquire the remaining shares of Tidewater Renewables it does not own for approximately $261 million.
• Renewables minority shareholders will receive 0.88 Midstream common shares per common share, implying $20.58 per share based on October 30, 2026 prices.
• Midstream currently owns approximately 65% of Renewables; the combination will integrate their midstream, conventional fuels and renewable fuels operations.
• The transaction is expected to close around December 18, 2026, subject to shareholder, court and TSX approvals.
• The combined business expects operating efficiencies, corporate cost savings and improved financing flexibility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tidewater Midstream and Infrastructure Ltd. published the original content used to generate this news brief via CNW (Ref. ID: 202611020700CANADANWCANADAPR_C3573) on November 02, 2026, and is solely responsible for the information contained therein.