In the largest pure Permian deal ever, Concho is acquiring RSP Permian in an all-stock deal for $9.5 billion, including $1.5 billion in debt. RSP shareholders will receive 0.320 Concho shares per common share of RSP, representing consideration of $50.24/share based on stock prices before the announcement. This is 29% premium to RSP’s shareholders based on the closing price of $38.92 on March 27. The previous high water mark was EnCana’s $7.1 billion cash......
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