M&A
confidence high
sentiment neutral
materiality 0.85
Devon Energy to acquire Grayson Mill for $3.25B cash plus 37.2M shares
DEVON ENERGY CORP/DE
- Cash consideration of $3.25B and 37,210,292 shares of Devon common stock.
- Transaction expected to close in Q3 2024, subject to HSR clearance.
- Devon to deposit $250M into escrow within three business days of signing.
- Sellers to receive registration rights for the stock consideration at closing.