The all-stock merger of equals involving Cabot Oil & Gas Corporation (COG) and Cimarex Energy Co. (XEC) has been approved by the shareholders of both companies. The deal, which was announced in May 2021, is expected to close on October 1, 2021. As per the terms of the deal, shareholders of Cimarex will receive 4.0146 shares of Cabot common stock for each share held. Also, after the completion of the deal, the combined business plans to change its name and ticker symbol. (See Cabot stock charts on TipRanks) The merger will create a diversified energy leader with the combination of two industry-leading operators having top-tier oil and natural gas assets.
https://www.tipranks.com/news/cabot-cimarex-shareholders-approve-merger-of-equals-deal?utm_source=advfn.com&utm_medium=referral
Cimarex Energy (NYSE:XEC)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Cimarex Energy Charts.
Cimarex Energy (NYSE:XEC)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Cimarex Energy Charts.