Cabot & Cimarex Merger Explained: Love the One You’re With

More details have emerged from what has to be one of the oddest combinations in recent memory--the merger of Permian driller Cimarex Energy with Marcellus driller Cabot Oil & Gas (see HUGE NEWS: Permian Driller Cimarex Buying Out Cabot Oil & Gas). As we told you in a follow-up to the big news, many stock analysts and investors are baffled by the combo (see Markets “Baffled” by “Unexpected” Cabot Merger with Cimarex). Due to recent Securities and Exchange Commission filings, we now have more insight into what led to the odd combination. Cabot considered a three-way merger last year, and Cimarex held talks and considered five different potential merger partners before settling on Cabot.

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