Diversified Energy Company (DEC) has confirmed it is in preliminary discussions concerning a potential acquisition of Birch Resources. The announcement was made in response to recent media speculation about a possible transaction.
Key Details
- Potential Target: The company confirmed discussions with Birch Resources.
- Status of Discussions: Talks are ongoing and remain at an early stage. DEC stated there is no certainty that any transaction will occur or on what terms it might proceed.
- Strategic Context: The company reiterated that acquisitions are a core part of its strategy, noting it has completed 35 acquisitions totaling over $7 billion since its 2017 IPO.