Investor Kimmeridge urges Devon to pursue asset sales after Coterra merger
28/04/2026 13:16
April 28 (Reuters) - Kimmeridge on Tuesday urged shale producer Devon Energy'sDVN.N incoming board to move quickly on asset sales, clearer capital allocation and a revamp of executive pay to boost shareholder returns after its planned merger with Coterra Energy CTRA.N closes. The investment firm holds about a 1.4% stake in Devon, according to LSEG data. (Reporting by Arunima Kumar in Bengaluru; Editing by Leroy Leo) ((Arunima.Kumar@thomsonreuters.com;))
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