According to Reuters, Devon is in talks to acquire peer WPX Energy

POTENTIAL DEAL DETAILS

Stock WPX Energy, Inc. Symbol WPX
Date Announced 09/27/2020 Source Reuters
Type Unsolicited Bid Acquiring Company/Person Devon Energy Corporation
Date of Confirmation: N/A Price at Confirmation: $5.17
Potential Profit: 16.44% Annualized Profit: 1200.12%

U.S. shale producer Devon Energy (DVN) is in talks to acquire rival WPX Energy (WPX) in an all-stock transaction that would create a company worth around $6 billion

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