TCIM Issues Statement Regarding Devon Energy’s Strategic Review and Willingness to Engage with Interested Acquirers
Business Wire•06/11/2026•08:00 ET
0
Key Highlights
- ➤TCIM says Devon ended its strategic review without selling additional assets.
- ➤Devon agreed to engage interested third parties regarding a potential entire-company sale.
- ➤TCIM expects potential acquirers could pay Devon shareholders a substantial premium.
- ➤TCIM awaits clarity on management and Board alignment after Devon’s earnings call.
Expert Statements
Brent Smolik, Lead Independent Director of Devon Energy’s Board
“if interested third parties reach out to Devon – either with or without an offer in hand – the Company will engage with them regarding a sale of the entire Company”
Clay Gaspar, CEO of Devon Energy
“if interested third parties reach out to Devon – either with or without an offer in hand – the Company will engage with them regarding a sale of the entire Company”
TCIM Issues Statement Regarding Devon Energy’s Strategic Review and Willingness to Engage with Interested Acquirers
TOMS Capital Investment Management (“TCIM”) today issued the following statement on Devon Energy Corporation (NYSE: DVN) (“Devon” or the “Company”):
Get started
Create a free account to read the full story.