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Diamondback Energy nears $5 bln Double Eagle deal - report

By · Via Investing.com Markets · Published by Everything Blog

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.
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