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

Devon Energy has acquired Coterra Energy, a energy services other business in the United States, for $36.45. Coterra Energy provides upstream oil and gas production and related operations, supporting Devon Energy acquisitions in the energy sector. Devon Energy acquisitions are structured as a strategic acquisition and merger acquisition, expanding Devon’s scale through a merger acquisition of Coterra Energy. The energy M&A deal is announced and valued at over $100M, with Coterra stockholders receiving 0.70 shares of Devon common stock plus cash in lieu of fractional shares. Devon Energy acquires Coterra Energy through a merger acquisition with Merger Sub, a wholly owned subsidiary, and expects stockholder approvals at special meetings.