SM Energy and Civitas Resources Advance Merger with Supplemental Disclosures

Reuters01-20
<a href="https://laohu8.com/S/SM">SM Energy</a> and <a href="https://laohu8.com/S/CIVI">Civitas Resources</a> Advance Merger with Supplemental Disclosures

SM Energy Company has provided an update regarding its pending combination with Civitas Resources, Inc. Under the terms of the agreement, Cars Merger Sub, Inc., a wholly owned subsidiary of SM Energy, will merge with and into Civitas, after which Civitas will become a wholly owned subsidiary of SM Energy. Immediately following this step, Civitas will merge with and into SM Energy, with SM Energy continuing as the surviving entity. SM Energy also disclosed that it has received multiple demand letters from purported stockholders raising concerns about the adequacy of disclosures related to the transaction. In response, the company has voluntarily supplemented its disclosures to address these concerns, though it maintains that no additional information was required.

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