NYSE:CTRAOil and Gas
Coterra Devon Merger Cleared As Valuation Gap Draws Investor Focus
Regulators allowed the Hart Scott Rodino antitrust waiting period for Coterra Energy's merger with Devon Energy to expire, clearing a key hurdle.
This approval means Coterra Energy (NYSE:CTRA) can move toward closing, with the company expected to become a wholly owned subsidiary of Devon.
The companies currently anticipate closing the transaction in Q2 2026, subject to remaining customary conditions.
Coterra Energy focuses on oil and gas exploration and production, an area where scale, cost...