Activist TOMS Capital pushes US shale producer Devon to quicken asset sales or sell itself, sources say

TOMS Capital Investment Management has taken a sizable stake in Devon Energy and is pushing the shale producer to sell assets or consider a sale. The activist campaign raises governance and strategic review risk for Devon, but the article provides no financial terms or transaction details. The news is likely to influence Devon shares more than the broader energy sector.

Analysis

TOMS Capital Investment Management has taken a sizable stake in Devon Energy and is pushing the shale producer to sell assets or consider a sale. The activist campaign raises governance and strategic review risk for Devon, but the article provides no financial terms or transaction details. The news is likely to influence Devon shares more than the broader energy sector.