Coterra Energy Stock Vanishes From NYSE After Devon Deal — What Investors Get Now
Devon Energy completed its all-stock merger with Coterra Energy, removing Coterra from the NYSE as of May 7. Each Coterra share was converted into 0.70 Devon shares plus cash for fractional shares. Devon announced an $8 billion buyback plan and raised its fixed dividend to 32 cents per share. The combined company is headquartered in Houston and trades under the “DVN” ticker.