Encana Receives Court Approval
Encana Corporation (NYSE, TSX: ECA) announced that the Court of Queen’s Bench of Alberta has granted a final order approving the previously announced plan of arrangement, which forms part of a series of proposed reorganization transactions (collectively, the “Reorganization”),
in order for the company to: (i) establish its corporate domicile in the U.S.; (ii) rebrand under the name Ovintiv Inc. (“Ovintiv”); and (iii) complete a consolidation and share exchange for effectively one share of common stock of Ovintiv for every five common shares of Encana.
Further information regarding the Reorganization is provided in Encana’s proxy statement/management information circular and prospectus dated December 11, 2019. The Reorganization is expected to close on or about January 24, 2020.
Source / More : Encana
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