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.

Image source: Getty Images.

Continue reading

Source Fool.com