Encana Sees Big Potential in $7.1 Billion Acquisition of Permian Pure-Play Athlon Energy
September 29, 2014
Calling the move “transitional,” Encana Corp. (ticker: ECA), Canada’s largest natural gas company, has announced it will acquire all shares and assume the senior notes of Fort Worth’s Athlon Energy (ticker: ATHL) in a US$7.1 billion cash offer, which Encana says is immediately accretive to cash flow per share. Under the terms of the merger agreement, Athlon shareholders will receive
