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Coterra Energy Moves Closer to Devon Merger Completion
Coterra Energy announced that its merger with Devon Energy is progressing, with key regulatory conditions, such as the Hart-Scott-Rodino antitrust waiting period, now satisfied. The transaction, where Coterra will become a wholly owned Devon unit, is expected to close in the second quarter of 2026. Analysts maintain a “Buy” rating on CTRA stock with a $40.00 price target, highlighting strong financial resilience and strategic benefits from the merger.