Coterra Energy Acquired by Devon Energy | Energy M&A Deal

Devon Energy has agreed to acquire Coterra Energy, a energy services other business in Oklahoma, for $36.45. Coterra Energy provides upstream oil and gas operations and assets that fit Devon Energy acquisitions focused on expanding production in OK acquisitions. Devon Energy acquisitions also strengthen Devon’s energy M&A position by adding Coterra’s resource base through a merger acquisition structure. The strategic acquisition is an announced merger acquisition with Devon Energy as a strategic buyer, valuing Coterra common stock at $0.10 par value plus 0.70 shares of Devon common stock and cash in lieu of fractional shares.