Encana seeks rto raise $860M in PrairieSky IPO, Globe and Mail reports Encana is planning to spin out some assets into a company called PrairieSky Royalty, the Globe and Mail reports. The company plans to hold 75% of the new company and is seeking to raise over $860M in PrairieSky's IPO. Reference Link
News For ECA From The Last 14 Days
Check below for free stories on ECA the last two weeks.
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