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Pengrowth Energy to be acquired by Cona Resources for C$740 mln

Nov 1 (Reuters) - Canadian oil and gas producer Pengrowth Energy Corp on Friday said it had agreed to be acquired by privately held oil company Cona Resources in a deal valued at C$740 million ($562.18 million).

Cona Resources, which is a portfolio company of Waterous Energy Fund, will pay 5 Canadian cents per share and a potential contingent value payment for each Pengrowth share. ($1 = 1.3163 Canadian dollars) (Reporting by Arundhati Sarkar in Bengaluru; Editing by Anil D'Silva)