BUZZ-Diversified Energy up on Maverick Natural Resources acquisition

Reuters
27 Jan
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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10