Coterra and Devon Energy in Merger Talks: Coterra Stock Rises, Devon Falls

Coterra Energy and Devon Energy are reportedly in talks for a potential all-stock merger that would create one of the largest oil and gas companies in the US. Coterra's stock rose 4%, while Devon's fell 1.5%. The deal would have a combined market capitalization of around $44 billion and could reshape the competitive landscape in the US shale sector. Talks are ongoing, but other suitors could emerge.