Lycos Energy Acquires Mahikan Oil Corporation in All-Share Deal
March 6, 2026
Lycos Energy Inc. entered into a definitive, all-share strategic business combination to acquire Mahikan Oil Corporation for approximately $49.7 million, including assumed net debt. The transaction was expected to close on or before March 31, 2026, and Mahikan would become a wholly owned subsidiary of Lycos.
- Buyers
- Lycos Energy Inc.
- Targets
- Mahikan Oil Corporation
- Industry
- Energy
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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