Diversified Energy Considers Acquisition

By Philip Seaworth • Friday, August 14 10:46 • Permanent Link

Diversified Energy said it has held preliminary discussions about a possible acquisition of Birch Resources, but the talks are still at an early stage and no deal terms have been agreed.

The company said it has completed 35 acquisitions since its 2017 IPO, with those transactions totaling more than $7 billion in value. That acquisition pace remains central to its strategy, according to the statement.

The announcement did not disclose any purchase price, structure, timing, or expected impact on earnings, production, or cash flow. As a result of these announcements, the company's shares have moved 1.91% on the market, and are now trading at a price of $14.44. Check out the company's full 8-K submission here.

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