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Underwriters buy Encana's remaining stake in PrairieSky for $2.6 billion

2014-09-26 17:53:43| Oil & Gas - Topix.net

Encana Corp. has completed the sale of its remaining stake in PrairieSky Royalty Ltd. in a secondary offering valued at about $2.6 billion. The stock was sold to a syndicate of underwriters led by several of Canada's biggest banks at a pre-agreed price of $36.50 , which was $2 above PrairieSky's closing stock price on Thursday.

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