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

Devon Energy has agreed to acquire Coterra Energy, a energy services other business in Delaware, for $36.45. Coterra Energy operates in the energy services other segment, providing assets and capabilities that fit Devon Energy acquisitions and energy M&A strategies. Devon Energy acquisitions are designed to expand its footprint through a merger acquisition structure that creates a strategic acquisition platform in DE acquisitions. The energy deals DE transaction is a strategic acquisition merger acquisition with over $100M size, using a stock-and-cash consideration framework of $0.10 par value plus 0.70 Devon shares per Coterra share.