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Stock Market & Financial Investment News

News Breaks
February 13, 2013
16:30 EDTNGT, ECTECA offers to exchange ECA Marcellus units for Eastern American units
Energy Corporation of America disclosed earlier that it is offering to exchange up to 4.12M common units of ECA Marcellus Trust I (ECT), for up to 3.19M outstanding depositary units of Eastern American Natural Gas Trust (NGT). ECA is offering a number of ECT common units valued at $22.55 for each NGT depositary unit tendered in the offer. Such consideration represents a 7.6% premium to the anticipated cash value that each NGT depositary unitholder choosing not to tender would receive upon the termination of NGT.
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