Shareholders bless mergerDevon-Ocean stock deal creates largest U.S.-based independent producer Petroleum News Houston Staff
Shareholders of Devon Energy and Ocean Energy have voted overwhelmingly to merge the two exploration and production companies, displacing Anadarko Petroleum as the largest U.S.-based independent producer.
Devon, the survivor in this blockbuster merger, now has a combined enterprise value of $20 bil....
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Essentially a stock swap Devon has major stake in Mackenzie Delta, small position in Alaska
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