Investor's Business Daily - Investing RSS http://ift.tt/1rz7mcr Shares of Athlon Energy (ATHL), which went public about a year ago, soared Monday after a Canadian company agreed to acquire it in a $7.1 billion deal. Oil and natural gas company Encana (ECA) will pay $5.93 billion for Athlon and will assume $1.15 billion in debt. The deal boosts Encana's presence in the Permian Basin of Texas, one of the biggest new sources of oil production in the U.S. Athlon shareholders will receive $58.50 a share. That
No comments:
Post a Comment