In a deal valued at $26 billion, Diamondback Energy (FANG) has agreed to buy Endeavor Energy Resources, with $8 billion in cash 117.3 million Diamondback shares worth $18 billion. The deal allows for both companies to potentially become a major player in the Permian Basin.
Keybanc Capital Markets Managing Director Tim Rezvan joins Yahoo Finance to discuss the deal, what it could mean for companies, and the energy sector moving forward.
Rezvan puts the size of the deal in context: “When you…
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