SM Energy (SM) and Civitas Resources (CIVI) have agreed to merge in an all-stock transaction that will create a larger U.S. oil and gas producer valued at about $12.8 billion, including debt. Under the deal, each Civitas share will be exchanged for 1.45 shares of SM Energy. Once the deal closes, Civitas shareholders will own about 52% of the combined …
Read More »Civitas Resources (CIVI) Merges with SM Energy (SM) in $12.8 Billion All-Stock Deal
