Diamondback Energy nears $5 bln Double Eagle deal - report
In short
Diamondback Energy is reportedly close to finalizing an acquisition agreement with Double Eagle. The proposed transaction is expected to be valued at around $5 billion. Complete specifics regarding the underlying financial and operational terms have not yet been made public.
Key points
- A potential $5 billion deal between Diamondback Energy and Double Eagle is approaching fi…: A potential $5 billion deal between Diamondback Energy and Double Eagle is approaching finalization.
- Specific transaction terms remain unknown to the public at this stage of talks.: Specific transaction terms remain unknown to the public at this stage of talks.
- The reported transaction marks a significant capital expenditure move for Diamondback Ene…: The reported transaction marks a significant capital expenditure move for Diamondback Energy.