Athlon Energy: Athlon Energy : Encana to buy Athlon for $5.93bn in cash

(4-traders.com) Canada's Encana Corp said it will buy Athlon Energy for $5.93 billion in cash, taking aim at Athlon's oil-rich lands in Texas's Permian Basin and at jump-starting its plan to boost output of lucrative oil and natural-gas liquids.Encana, Canada's largest natural-gas producer, is offering $58.50 per Athlon share, a 25 per cent premium on the...http://www.4-traders.com/ATHLON-ENERGY-INC-13792647/news/Athlon-Energy--Encana-to-buy-Athlon-for-593bn-in-cash-19269371/