Coterra Energy to acquire Franklin Mountain and Avant assets for ~$2.95B plus stock

Coterra Energy Inc.

Coterra subsidiary Cimarex to buy Franklin Mountain entities for $1.5B cash plus 40.9M shares of CTRA stock.
Separate acquisition of Avant Natural Resources for $1.45B cash; deals not conditioned on each other.
Stock consideration issued via private placement under Section 4(a)(2); registration rights agreement to follow.
Deposits of $125M (FME) and $108.75M (Avant) placed into escrow; closing subject to customary conditions.

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