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Diversified Energy Buys Elliott-Backed Birch for $1.8 Billion
Source: Bloomberg
M&A & RestructuringCompany Fundamentals
Diversified Energy Co. agreed to acquire Elliott Investment Management-backed Birch Resources in a deal valued at about $1.8B. The transaction signals consolidation in oil and gas and is likely to move the acquirer’s and target’s stocks on deal framing and expected synergies.
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