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- Tags: BUSINESS POLITICS)
- Tags: BUSINESS POLITICS)
(MARK BLINCH/REUTERS)

Whitecap’s acquisition financing is a hot seller

Whitecap Resources Inc.’s bankers had no shortage of interest in the $500-million of Whitecap subscription receipts they had to sell Monday morning to finance a big purchase.

According to two people familiar with the sale, the transaction was well oversubscribed, with far more orders than there was stock on offer. Within two hours of the transaction being announced, there was $1-billion of orders.