Coterra Energy Stock Is Gone. Devon’s $58 Billion Shale Deal Now Faces Its First Test
Coterra filed SEC amendments May 11 to deregister unsold securities after its merger with Devon Energy closed. Coterra shares stopped trading May 7, with holders receiving 0.70 Devon share per Coterra share. Devon approved an $8 billion buyback and higher fixed dividend as the combined company begins trading under the Devon name.