Newfield Exploration: Encana closes multibillion-dollar acquisition of Woodlands co.

Calgary, Canada-based Encana Corp. (NYSE: ECA) completed its all-stock acquisition of The Woodlands-based Newfield Exploration Co. (NYSE: NFX) on Feb. 13. Newfield stockholders received 2.6719 Encana common shares for each share of Newfield common stock, which valued the deal at approximately $5.5 billion when it was announced in November. At the time, Encana also planned to assume $2.2 billion of Newfield's net debt. Encana's existing shareholders own about 63.5 percent of the combined company,...