BUZZ-Diversified Energy up on Maverick Natural Resources acquisition

Reuters
01-27
BUZZ-Diversified Energy up on Maverick Natural Resources acquisition

** Shares of Diversified Energy DEC.N up 2.9% at 1,310p among top gainers on London's midcap index .FTMC

** U.S.-based energy co DEC to buy private equity-owned Maverick Natural Resources for $1.28 bln

** Combined co, post acquisition, to have enterprise value of $3.8 bln

** DEC says deal to increase revenue by 95% and free cash flow by 55%

** Proposed transaction marks DEC as the largest consolidator of mature assets in the U.S. - Peel Hunt

** In 2024, DEC rose 20.5%

( Reporting by Simone Lobo in Bengaluru)

((Simone.Lobo@thomsonreuters.com; +919920570373;))

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