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0 -0.00132100396301186 -0.00214663143989436 0.000495376486129477 0.00115587846763541 0.00231175693527082 -0.00924702774108326 -0.0135402906208719
Stock impact report

Civitas Resources in talks over possible merger with SM Energy [Yahoo! Finance]

Civitas Resources, Inc. (CIVI) 
Last civitas resources, inc. earnings: 8/7 04:15 pm Check Earnings Report
US:NYSE Investor Relations: civitas-solutions.com/investor-relations
Company Research Source: Yahoo! Finance
According to the report, the talks envision a merger of equals that would not include a takeover premium. The sources, who spoke on condition of anonymity because the discussions are not public, said no agreement has been reached and that other parties are also pursuing Civitas. Representatives for both companies refused to comment, reported the media outlet. If completed, the merged business would have an enterprise value of at least $14bn, encompassing debt, making it among the largest oil and gas transactions so far this year, as per data compiled by Bloomberg The Permian Basin of West Texas and New Mexico, considered the most productive oilfield in the US, has experienced a wave of consolidation in recent years as smaller producers seek greater scale and larger operators pursue footholds in the region. Recently, Crescent Energy entered into a definitive agreement to acquire Vital Energy for $3.1bn. Civitas and SM are mid-size, publicly traded producers in the basin. As Show less Read more
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