Past year: ▲ 47%(32.49 – 51.37 USD)
Each one in plain English, with the numbers worked through for a shareholder.
8 July 2024capital raising announcement● NeutralMajor
On July 8, 2024, Devon agreed to buy Grayson Mill's Williston Basin business for $3.25 billion in cash plus 37,210,292 new Devon shares, both subject to adjustment. Closing is expected in the third quarter of 2024, pending antitrust (HSR) clearance, with $250 million to be placed in escrow; the sellers get resale registration rights for the shares. This is the acquisition later funded in part by the August 2024 term loan and notes.
11 Dec 2015capital raising announcement● NeutralMajor
Devon will pay for the Powder River Basin (Wyoming) assets from NewWoods Petroleum, Renos Land & Minerals and REMI Midstream, agreed November 13, 2015, partly in stock: $300 million in cash plus 6,857,488 new Devon shares issued to NewWoods, out of $600 million total consideration. Closing is expected around December 17, 2015; the share issuance would dilute existing shareholders.
7 Dec 2015capital raising announcement● NeutralMajor
Devon agreed on December 6, 2015 to buy Felix Energy Holdings, LLC for $850 million in cash plus 23,470,000 new Devon shares (both subject to adjustment). Closing is expected in January 2016; the share issuance would dilute existing shareholders.
