Husky Oil of Canada may offer Texaco...

Husky Oil of Canada may offer Texaco Inc. a cash infusion of at least $1 billion to help persuade Texaco to sell a majority interest in Texaco Canada Ltd. Robert Blair, co-chairman of Husky, said Husky would be willing to pay $2.4 billion to $2.7 billion for Texaco’s 78% interest in the Toronto-based unit of Texaco. The estimated purchase price does not include the possible $1-billion cash infusion. Texaco is planning to sell about $3 billion in assets as part of its plan to emerge from Chapter 11 protection by late next month.