Chevron Announces Agreement To Acquire PDC Energy In All-Stock Transaction Valued At $6.3B Or $72/Share
Portfolio Pulse from Benzinga Newsdesk
Chevron has announced an agreement to acquire PDC Energy in an all-stock transaction valued at $6.3 billion, or $72 per share.
May 22, 2023 | 12:06 pm
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POSITIVE IMPACT
Chevron is set to acquire PDC Energy in an all-stock transaction valued at $6.3 billion.
The acquisition of PDC Energy will expand Chevron's portfolio and potentially increase its market share. This could lead to a positive short-term impact on Chevron's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
PDC Energy is being acquired by Chevron in an all-stock transaction valued at $6.3 billion, or $72 per share.
PDC Energy shareholders will receive Chevron shares in the all-stock transaction, which values PDC Energy at $72 per share. This could lead to a positive short-term impact on PDC Energy's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100