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Encana to Acquire Athlon
- Client News
- September 29, 2014
As reported in The New York Times, The Wall Street Journal and other media outlets, Paul, Weiss client Encana Corporation announced that it has entered into a definitive agreement to acquire all of the issued and outstanding shares of common stock of Texas-based Athlon Energy Inc. by means of an all-cash tender offer for $5.93 billion, as well as Encana assuming Athlon's $1.15 billion of senior notes, for a total value of approximately $7.1 billion. This transaction is the largest announced purchase of a U.S. crude and natural gas producer by a Canadian company to date. The transaction is expected to close by the end of 2014.
The Paul, Weiss team included, among others, corporate partners Andrew Foley, Adam Givertz, Stephen Lamb, Edwin Maynard and Dale Sarro and counsel Didier Malaquin; tax partner David Sicular; employee benefits counsel Reuven Falik; environmental counsel William O'Brien; and real estate partner Peter Fisch.