NYSE:CIVIOil and Gas
Civitas Merger With SM Energy Reshapes Valuation And Investor Exposure
SM Energy has completed its merger with Civitas Resources, with the combined company operating under the SM Energy name.
The deal creates a larger oil and gas producer with a revised leadership team and board structure.
Civitas Resources, previously listed as NYSE:CIVI, is being removed from multiple major equity indices following the merger.
The new ownership structure affects existing shareholders, index funds, and institutional investors with exposure to NYSE:CIVI.
Civitas Resources,...