Diamondback Energy (FANG) is in talks to buy Double Eagle in a transaction potentially valuing the business at over $5 billion, The Wall Street Journal reported Friday, citing people familiar with the matter.
A deal could be announced in the coming days unless negotiations fail or another suitor comes along, according to the report.
Double Eagle, a Permian Basin producer with more than 95,000 net acres in the Midland Basin, is backed by private equity firm EnCap Investments.
Diamondback Energy, Double Eagle, and EnCap Investments did not immediately respond to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 154.58, Change: -1.59, Percent Change: -1.02
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。