Civitas Merger With SM Energy Reshapes Valuation And Investor Exposure
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SM Energy has completed its merger with Civitas Resources, with the combined company operating under the SM Energy name.
The deal creates a larger oil and gas producer with a revised leadership team and board structure.
Civitas Resources, previously listed as NYSE:CIVI, is being removed from multiple major equity indices following the merger.
The new ownership structure affects existing shareholders, index funds, and institutional investors with exposure to NYSE:CIVI.
Civitas Resources,...
The deal creates a larger oil and gas producer with a revised leadership team and board structure.
Civitas Resources, previously listed as NYSE:CIVI, is being removed from multiple major equity indices following the merger.
The new ownership structure affects existing shareholders, index funds, and institutional investors with exposure to NYSE:CIVI.
Civitas Resources,...
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