Market Chatter: Devon Energy Faces Pressure From Second Activist Investor Following Coterra Merger

MT Newswires Live

Jun 18

Devon Energy (DVN) is drawing fresh activist attention following its merger with Coterra Energy, with Toms Capital Investment Management having built a stake in the $50 billion shale producer, the Financial Times reported on Wednesday, citing people familiar with the matter.

TCIM, a hedge fund backed by Ken Griffin's Citadel, has become one of Devon's top five investors, though the specific changes it is seeking were not immediately clear, the report said.

Devon and TCIM did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 42.88, Change: -0.01, Percent Change: -0.02

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 42.88, Change: -0.01, Percent Change: -0.02</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DVN","symbol_name":"德文能源","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2644675726","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2644675726","pubTimestamp":1781723723,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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