Diamondback Expands Again With $4.1 Billion for Double Eagle
Diamondback Energy Inc. will expand in the Permian Basin after agreeing to acquire subsidiaries of closely held Double Eagle IV Midco LLC for about $4.1 billion, a significant asset boost for the top independent oil producer in North America’s most prolific shale patch.
Diamondback Energy intends to acquire subsidiaries of Double Eagle IV Midco for approximately 6.9 million shares of its common stock and $3 billion in cash.
In a report released today, Leo Mariani from Roth MKM maintained a Buy rating on Diamondback (FANG – Research Report), with a price target of ...
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Double Eagle IV Midco, LLC ("Double Eagle") today announced that it has entered into a definitive purchase agreement to divest its equity interest in certain subsidiaries to Diamondback Energy, Inc.
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Diamondback Energy Stock: Analyst Estimates & RatingsDiamondback Energy, Inc. (FANG), headquartered in Midland, Texas, operates as an independent oil and natural gas company.
Diamondback Energy (FANG) has sealed a $4 billion deal to buy subsidiaries of West Texas based oil group Double Eagle.Discover the Best Stocks ...
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