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Coterra’s Last Trade Turns Into Devon’s First Real Test
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Coterra’s Last Trade Turns Into Devon’s First Real Test
Coterra Energy shares stopped trading before May 7 as its merger with Devon Energy closed, converting each Coterra share into 0.70 Devon share. Coterra closed at $32.56 on May 6, down 8.62%, tracking Devon’s post-earnings price. Devon shares traded near $46.52 on May 12, down 0.4%. Devon announced an $8 billion buyback and a 33% dividend increase after the deal. The post Coterra’s Last Trade Turns Into Devon’s First Real Test appeared first on T…
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