Independent energy company Devon Energy Corporation (DVN) recently announced that it has inked a deal to acquire the Williston Basin business of Grayson Mill Energy for $5 billion. DVN will finance the transaction with $3.25 billion in cash and $1.75 billion in stocks. Following the necessary approval, this transaction is expected to be closed in the third quarter of 2024.Devon Energy has gained 2.7% in the year-to-date period compared with the industry’s rally of 3%. Image Source: Zacks Investment Research ...