
Devon Energy faces push for strategic review
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Devon Energy (NYSE:DVN) received a letter from Toms Capital Management urging the company to explore strategic alternatives, including a potential sale of the entire company.
Devon Energy (NYSE:DVN) and Coterra Energy (NYSE:CTRA) announced a definitive agreement on Monday to combine in an all-stock merger, creating a premier independent shale producer with a dominant footprint in the Delaware Basin.