Brief: SM Energy, Civitas Resources To Combine In $12.8 Billion Deal
03/11/2025 11:21
Nov 3 (Reuters) - SM Energy and Civitas Resources: SM ENERGY AND CIVITAS RESOURCES TO COMBINE IN $12.8 BILLION TRANSFORMATIONAL COMBINATION DELIVERING SUPERIOR STOCKHOLDER VALUE CIVITAS RESOURCES: IDENTIFIED AND ACHIEVABLE ANNUAL SYNERGIES TOTALING $200 MILLION, WITH UPSIDE POTENTIAL TO $300 MILLION CIVITAS RESOURCES INC - HERB VOGEL WILL SERVE AS CHIEF EXECUTIVE OFFICER OF COMBINED COMPANY CIVITAS RESOURCES INC: EACH COMMON SHARE OF CIVITAS WILL BE EXCHANGED FOR 1.45 SHARES OF SM ENERGY COMMON STOCK CIVITAS RESOURCES INC - COMBINATION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO KEY PER SHARE FINANCIAL METRICS Source text: ID:nPn2Smwhba Further company coverage: CIVI.N ((Reuters.Briefs@thomsonreuters.com;))
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