SM Energy, Civitas Resources To Combine In $12.8 Billion Deal

Reuters11-20

Nov 3 (Reuters) - SM Energy and Civitas Resources::
*SM ENERGY AND CIVITAS RESOURCES TO COMBINE IN $12.8 BILLION TRANSFORMATIONAL COMBINATION DELIVERING SUPERIOR STOCKHOLDER VALUE
*CIVITAS RESOURCES: IDENTIFIED AND ACHIEVABLE ANNUAL SYNERGIES TOTALING $200 MILLION, WITH UPSIDE POTENTIAL TO $300 MILLION
*CIVITAS RESOURCES INC - HERB VOGEL WILL SERVE AS CHIEF EXECUTIVE OFFICER OF COMBINED COMPANY
*CIVITAS RESOURCES INC: EACH COMMON SHARE OF CIVITAS WILL BE EXCHANGED FOR 1.45 SHARES OF SM ENERGY COMMON STOCK
*CIVITAS RESOURCES INC - COMBINATION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO KEY PER SHARE FINANCIAL METRICS

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 03-NOV-202511:15:00.023 GMT

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