With shareholder approvals secured and closing expected within 3 days, the merger is virtually certain to close. Traders should watch for the official closing announcement and any post-merger integration updates. The authorized share increase from 1B to 2B shares provides capacity for the stock consideration.
Price Chart
Executive Summary
Devon Energy stockholders overwhelmingly approved both merger proposals for the all-stock combination with Coterra Energy: the stock issuance proposal received 98.9% of votes cast in favor, and the authorized share charter amendment received 98.8% approval. The merger is expected to close on or about May 7, 2026, removing the final major condition precedent and confirming the deal is on track.
Key Financial Metrics
Key Facts
- Stock issuance proposal approved with 470,046,943 votes for, 4,149,656 against, 1,150,100 abstain
- Authorized share charter amendment approved with 468,262,401 votes for, 5,833,875 against, 1,250,423 abstain
- Both proposals received over 98% of votes cast in favor
- Merger expected to close on or about May 7, 2026
- Coterra stockholders also approved the merger in a prior filing
- HSR waiting period has already expired
Financial Impact
Merger creates a combined entity with ~$31.9B market cap (Devon) plus Coterra; no deal value or exchange ratio changes disclosed in this filing
Risk Factors
- Customary closing conditions remain, though none appear material
- Post-merger integration execution risk for the combined entity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001193125-26-204740 |
| Document: 0001193125-26-204740-index-headers.html | 0001193125-26-204740 |
| Document: 0001193125-26-204740-index.html | 0001193125-26-204740 |
| Document: 0001193125-26-204740.txt | 0001193125-26-204740 |
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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