secwatch.observer — SEC 8-K summary
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Issuer:     Coterra Energy Inc. (CTRA)
CIK:        0000858470
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001104659-24-119463
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858470/000110465924119463/0001104659-24-119463-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858470/000110465924119463/tm2428170d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-119463

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