NYSE:SMOil and Gas
SM Energy Civitas Merger Sets Stage For Leadership Shift And Synergy Test
SM Energy shareholders have approved an all stock merger with Civitas Resources.
The deal clears the way for a combined company with a new leadership team and an expanded board.
Elizabeth A. McDonald is set to become CEO, and Blake D. McKenna is expected to take the COO role after closing.
SM Energy (NYSE: SM) enters this merger at a share price of $19.28, with a mixed recent track record. The stock is up 5.8% over the past week and 4.2% over the past month, while 1-year and 3-year returns...