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Encana announces extension of offer to acquire Athlon Energy

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Oilfield Technology,


Encana Corporation has announced that the tender offer made by Encana's indirect, wholly owned subsidiary to acquire all of the issued and outstanding shares of common stock of Athlon Energy Inc. for US$ 58.50 per share, net to the seller in cash, without interest, less any applicable withholding taxes, has been extended until 12:00 midnight (New York City time) on Wednesday, November 12, 2014. The offer was previously scheduled to expire at 12:00 midnight (New York City time) on Friday, November 7, 2014.

Based on information provided by the depository for the Offer, as of 4:30 pm, New York City time on Friday, October 31, 2014, approximately 35 302 143 shares of common stock of Athlon were validly tendered and not validly withdrawn from the offer.


Adapted from a press release by David Bizley

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/04112014/encana-announces-extension-of-offer-to-acquire-athlon-energy/

 

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