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PrairieSky to acquire Range Royalty for $699 million, plans to raise dividend

2014-11-13 19:16:59| Oil & Gas - Topix.net

PrairieSky Royalty Ltd. said Thursday it has signed a deal valued at $699 million to acquire Range Royalty Limited Partnership, a private oil and gas royalty company. The royalty company, which was spun off from Encana Corp. earlier this year, said it will also increase its annual dividend rate to $1.30 per share from $1.27 once the deal closes.

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