Diversified Energy Company ( (GB:DEC) ) just unveiled an update.
Diversified Energy Company PLC announced that its shareholders approved the resolution to issue consideration shares for the acquisition of Maverick Natural Resources, with significant support at a recent General Meeting. This approval, along with the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period, paves the way for the completion of the acquisition by the end of the first quarter of 2025, marking a significant step in the company’s strategic growth and operational expansion.
More about Diversified Energy Company
Diversified Energy Company PLC is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. The company acquires existing, long-life assets and invests in them to enhance environmental and operational performance, ultimately retiring them safely and securely. Diversified Energy is recognized for its sustainability leadership and aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
YTD Price Performance: -32.34%
Average Trading Volume: 175,234
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £528.1M
For a thorough assessment of DEC stock, go to TipRanks’ Stock Analysis page.