⁍ U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc.
⁍ All-stock transaction would create a company worth around $6 billion.
⁍ Devon and WPX did not immediately respond to requests for comment.
– Devon Energy is in talks to buy rival WPX Energy in a $6 billion deal that would create the country’s third-largest oil and gas producer, sources tell Reuters. The deal would value WPX at a small premium to its Friday closing price of $4.44, the sources say. Devon, which is based in Oklahoma, would keep its headquarters in Oklahoma City, the Wall Street Journal notes.
Source: https://www.reuters.com/article/wpx-energy-ma-devon-energy/refile-exclusive-us-shale-producer-devon-in-talks-to-acquire-peer-wpx-sources-idUSL1N2GN072