Mergers & Acquisitions ·
Coterra Energy Inc. has entered into a definitive merger agreement with Devon Energy Corporation, under which Coterra…
CTRACoterra Energy Inc.
Coterra Energy Inc. has entered into a definitive merger agreement with Devon Energy Corporation, under which Coterra will become a wholly-owned subsidiary of Devon. Coterra stockholders will receive 0.70 shares of Devon common stock for each share owned, resulting in a combined company ownership split of approximately 46% for Coterra and 54% for Devon stockholders. The agreement also includes a reciprocal termination fee of $865 million in certain circumstances.