Encana to buy Apollo-backed Athlon Energy for $5.93 bln: Reuters
Canada's largest natural gas producer Encana Corp said on Monday it has agreed to buy Athlon Energy for US$5.93 billion in cash, as it accelerates its plan to focus on more lucrative oil and natural-gas liquids, Reuters reported. The takeover will lead to a huge payday for Apollo Global Management. The Fort Worth, Texas-based Athlon was formed in 2010 with the backing of the U.S. private equity firm that still owns over 30 percent of the company's stock.
29 September 2014•3 mins read
