Devon Energy Receives Approximately $8B Acquisition Offer
Devon Energy has received a roughly $8B offer from money manager Stone Ridge Asset Management for its Marcellus shale assets, four people familiar with the matter told Reuters' David French and Shariq Khan. Stone Ridge submitted its Marcellus offer as a way to initiate conversations about a deal with Devon, said the report, which noted that Devon had not made any decisions on the future of the natural gas-focused position.
