Encana, Newfield Deal Gets Shareholder Approval
12 Febrero 2019 - 10:20AM
Noticias Dow Jones
By Michael Dabaie
Encana Corp.'s (ECA) acquisition of Newfield Exploration Co.
(NFX) received approval at shareholder meetings Tuesday.
The transaction is expected to close Wednesday. Newfield
stockholders will receive 2.6719 Encana common shares for each
share of Newfield common stock. Upon completion, Encana
shareholders will own about 63.5% of the combined company and
Newfield stockholders 36.5%.
Encana in November said it agreed to buy fellow oil-and-gas
company Newfield in a stock swap valued at about $5.5 billion.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
February 12, 2019 11:05 ET (16:05 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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