Nov 9 (Reuters) - Canadian Natural Resources Ltd CNQ.TO :
* Canadian Natural Resources and PrairieSky Royalty announce combination of
royalty businesses and concurrent PrairieSky financing
* Deal for C$1.8 billion
* Says deal consisting of $680 million in cash, issuance of about 44.4 million
PrairieSky shares at $25.20 per per share
* PrairieSky to acquire Canadian Natural's Royalty assets representing about
6,700 boe/d or 81%, of Canadian Natural's Royalty volumes
* Says effective date of the transaction is October 1, 2015 with closing
expected prior to year-end 2015
* Says expects to record an after-tax gain on disposition of approximately $700
million
* Says transaction does not impact previously released Canadian Natural
production or cash tax guidance
* Source text for Eikon ID:nCCN8z8Q0S
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