July 8 (Reuters) – Devon Energy (DVN.N), opens new tab said on Monday it had entered into a deal to acquire certain assets of Bakken-focused energy producer Grayson Mill Energy, which is owned by private equity firm EnCap, in a cash-and-stock deal worth $5 billion.
The deal value includes $3.25 billion in cash and $1.75 billion in stock, and will enhance Devon’s “multi-basin business”, the company’s executives said on a conference call.
Source: REUTER
