secwatch.observer — SEC 8-K summary
======================================

Issuer:     DEVON ENERGY CORP/DE (DVN)
CIK:        0001090012
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001193125-26-032720
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Devon Energy to acquire Coterra Energy in all-stock merger with 0.70 exchange ratio
--------------------------------------------------------------------------------

- All-stock merger: 0.70 DVN shares per Coterra share; Devon holders get ~54% of combined co.
- Post-closing: Coterra CEO becomes Chairman; Devon CEO remains CEO; Coterra CFO becomes CFO.
- Board: 11 directors (6 from Devon, 5 from Coterra); name remains Devon, ticker DVN.
- Termination fee of $865M; closing targeted by Aug 2026, extendable for antitrust.
- Requires approvals from both companies' stockholders, HSR, and SEC registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090012/000119312526032720/0001193125-26-032720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090012/000119312526032720/d75203d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-032720

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer