CEO departure increases odds of Encana buyout, Bloomberg says The departure of CEO Randy Eresman increases the odds that suitors may consider bidding for Encana (ECA), according to Bloomberg's "Real M&A" column, citing comments from Canadian Imperial Bank of Commerce. Reference Link
News For ECA From The Last 14 Days
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Encana to liquidate stake in PrairieSky Royalty for C$2.6B, WSJ says Encana is selling all of its 70.2M shares in PrairieSky Royalty for C$2.6B in a secondary offering, reports the Wall Street Journal. The shares are being offered at C$36.50 per share, the Journal adds. Reference Link