Chase Manhattan Corp. and Bank of Montreal said they will finance Union Pacific's planned $3.5 billion acquisition of Norcen Energy Resources Ltd., Union Pacific said Monday.

Union Pacific Resources Group Inc., Fort Worth, said Monday that it plans to pay $2.5 billion in cash for Norcen and assume $900 million of the company's debt.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.