NYSE:CTRAOil and Gas
Coterra And Devon All Stock Merger Reshapes Shareholder Exposure And Scale
Coterra Energy (NYSE:CTRA) and Devon Energy have agreed to merge in an all stock transaction.
The deal has unanimous approval from both boards and will combine the companies into one of the largest U.S. shale operators.
The merger includes a new leadership structure and headquarters decisions, along with planned cost and operational changes.
Coterra Energy, trading at $28.94, comes into this merger with multi year share returns that include 33.5% over 3 years and 113.2% over 5 years. In the...