Encana today announced that the tender offer made by Encana's indirect, wholly owned subsidiary to acquire all of the issued and outstanding shares of common stock of Athlon Energy for US$58.50 per share, net to the seller in cash, without interest, less any applicable withholding taxes, has been extended until 12:00 midnight on Wednesday, November [...]
Levi & Korsinsky is investigating the Board of Directors of Athlon Energy for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Encana Corp. Click here to learn more about the investigation:
Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Athlon Energy concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Encana in a transaction valued at approximately $7.1 billion.
Encana and Athlon Energy today jointly announced that the two companies have entered into a definitive merger agreement for Encana to acquire all of the issued and outstanding shares of common stock of Texas-based Athlon by means of an all-cash tender offer for US$5.93 billion, as well as Encana assuming Athlon's US$1.15 billion of senior notes [...]
Athlon Energy today provided an operational update. Athlon’s Howard County horizontal well, Tubb 39 #5H was successfully drilled and completed using a 30-stage hybrid fracture stimulation over a perforated lateral length of 6,705 ft. in the Wolfcamp A zone. The well flowed naturally prior to installing artificial lift and achieved a peak 3-phase [...]
Athlon Energy today announced that Bob Reeves, Athlon’s Chairman, President, and CEO, will present at the Barclays CEO Energy/Power Conference in New York on Thursday, September 4, 2014 at 11:05 a.m. Eastern. The Company plans to release select operational results and an updated investor presentation prior to the conference.
Athlon Energy today reported record second quarter 2014 financial results, announced additional acquisitions in the core of the northern Midland Basin, increased its 2014 outlook, and announced two executive promotions. Company Highlights: Adjusted EBITDA increased 95% to $97.1 million for the second quarter 2014 as compared to $49.8 million for [...]
Athlon Energy announced today the pricing of an underwritten public offering by certain selling stockholders that are funds affiliated with Apollo Global Management of 12,500,000 shares of common stock at $46.25 per share. The selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of [...]
Athlon Energy today announced second quarter 2014 production, the initial production results on its second horizontal well in Howard County, and the appointment of Bart Kalsu as an independent director to its Board.