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Cimarex CEO Reworks $32M Stock Deal – Cabot Merger Still On

Cimarex CEO Reworks $32M Stock Deal – Cabot Merger Still On
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The U S Shale Patch Could Be In For Another Wave of Mergers

Cabot Oil & Gas and Cimarex Energy agree merger deal

Cabot Oil & Gas and Cimarex Energy agree merger deal Share Sign up here for GlobalData s free bi-weekly Covid-19 report on the latest information your industry needs to know. US-based Cabot Oil & Gas has agreed to merge with Cimarex Energy to create a combined business valued at almost $17bn. As per the terms of the all-stock ‘merger of equals’, Cimarex Energy shareholders will be entitled to 4.0146 shares of Cabot Oil & Gas stock for each share held. Cabot Oil & Gas’ shareholders will hold a stake of around 49.5% in the combined company, while Cimarex Energy’s shareholders will have a holding of roughly 50.5%.

Cabot Oil & Gas, Cimarex Energy to merge to create $17B producer

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