M&A
confidence high
sentiment positive
materiality 0.80
SM Energy and Civitas stockholders approve merger; expected close Jan 30, 2026
SM Energy Co
- Stockholders of both SM Energy and Civitas voted in favor of all proposals necessary for the all-stock merger.
- SM special meeting: 76.5% of shares represented; ~99.1% approved stock issuance and ~98.6% approved charter amendment to increase authorized shares from 200M to 400M.
- Civitas special meeting: 82.9% of shares represented; ~97.7% adopted the merger agreement.
- Merger expected to close on January 30, 2026, subject to customary closing conditions.