Ute Energy officially withdraws IPO following acquisition by Crescent Point

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Ute Energy, an independent oil and natural gas E&P operating in the Uinta Basin, officially withdrew its plans for an initial public offering on Thursday after Crescent Point announced it was purchasing the company for $784 million in early November. The Denver, CO-based company was founded in 2005 and booked $113 million in sales for the 12 months ended 3/31/2012. Credit Suisse, Goldman Sachs and RBC Capital Markets were set to be the joint bookrunners on the deal.



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This article appears in: News Headlines , IPOs

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