ConocoPhillips to Acquire Concho Resources in All-Stock Transaction
October 20, 2020
October 20, 2020
HOUSTON, Texas, Oct. 20 -- ConocoPhillips, a producer of oil and gas resources, issued the following news release:
ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be exchanged for a fix . . .
ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be exchanged for a fix . . .