Chevron to acquire oil and gas firm PDC Energy for $7.6bn in all-stock deal
Chevron Corporation has signed an all-stock deal to acquire PDC Energy, a Nasdaq-listed oil and gas exploration and production company, for a consideration of $7.6 billion. The deal values PDC Energy at $72 per share, including debt of $1.3 billion. In accordance with the agreement, PDC Energy’s shareholders will receive 0.4638 shares of Chevron for […]