With shareholder approval secured and close imminent, the deal is virtually certain to close. Traders should monitor for the official close announcement and any post-merger integration updates. The stock may trade in line with the exchange ratio until close; any deviation could offer arbitrage opportunities.
Price Chart
Executive Summary
Devon Energy and Coterra Energy shareholders overwhelmingly approved their all-stock merger, with more than 98% and 99% of votes cast in favor, respectively. The merger is expected to close on or around May 7, 2026, 3 days from this filing, removing a major condition precedent.
Key Financial Metrics
Key Facts
- Devon shareholders: >76% representation, >98% of votes cast in favor
- Coterra shareholders: >82% representation, >99% of votes cast in favor
- Merger expected to close on or around May 7, 2026
- Exchange ratio unchanged: 0.70 shares of Devon per Coterra share
- Post-merger ownership: Devon shareholders ~54%, Coterra shareholders ~46%
Financial Impact
No specific financial impact disclosed; all-stock transaction with no cash consideration. Ownership split implies combined company value, but deal value not provided in filing.
Risk Factors
- Integration risks post-close could impact operational performance
- Commodity price volatility may affect combined company's financials
- Potential shareholder litigation or regulatory hurdles not fully resolved
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001193125-26-204307 |
| Document: 0001193125-26-204307-index-headers.html | 0001193125-26-204307 |
| Document: 0001193125-26-204307-index.html | 0001193125-26-204307 |
| Document: 0001193125-26-204307.txt | 0001193125-26-204307 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Insider Cluster | $49.73 $47.59 | ▼ −4.30% | ▼ −5.96% | $47.35 (−4.79%) |
Jul 13, 2026 11w ago | Institutional Cluster | $43.73 $43.83 | ▲ +0.23% | ▲ +1.01% | $47.35 (+8.28%) |
Jun 25, 2026 14w ago | 8-K | $42.21 $40.47 | ▼ −4.12% | ▼ −6.29% | $47.35 (+12.18%) |
Jun 9, 2026 16w ago | Press Release | $46.60 $42.89 | ▼ −7.96% | ▼ −11.39% | $47.35 (+1.61%) |
Jun 5, 2026 16w ago | 8-K | $45.08 $43.53 | ▼ −3.44% | ▼ −5.55% | $47.35 (+5.04%) |
May 22, 2026 19w ago | 8-K | $47.29 $46.31 | ▼ −2.07% | ▼ −3.73% | $47.35 (+0.13%) |
May 21, 2026 19w ago | 8-K | $47.09 $44.50 | ▼ −5.50% | ▼ −7.35% | $47.35 (+0.56%) |
May 21, 2026 19w ago | Press Release | $47.09 $44.50 | ▼ −5.50% | ▼ −7.35% | $47.35 (+0.56%) |
May 15, 2026 19w ago | Insider Cluster | $49.67 $45.14 | ▼ −9.12% | ▼ −10.74% | $47.35 (−4.66%) |
May 15, 2026 19w ago | Insider Cluster | $49.67 $45.14 | ▼ −9.12% | ▼ −10.74% | $47.35 (−4.66%) |
US Market Status
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