Cabot Oil & Gas and Cimarex Energy to Merge in $17 Billion Deal
Cabot Oil & Gas (NYSE: COG) has agreed to unite with Cimarex Energy (NYSE: XEC) in an all-stock merger of equals. The transaction values the combined oil and gas companies at $17 billion.
The transformational merger will create a diversified energy company focused on generating free cash flow. It will combine Cabot's top-tier natural gas assets in the Marcellus Shale with Cimarex Energy's oil-rich positions in the Permian and Anadarko basins.
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Source Fool.com
