(WO) — Diversified Energy has confirmed it is in preliminary discussions regarding a potential acquisition of Birch Resources, following recent media speculation about a possible transaction.
Diversified said discussions remain at an early stage and no agreement has been reached. The company cautioned that there is no certainty a transaction will take place or what terms might ultimately be agreed.
The potential deal would continue Diversified’s acquisition-driven growth strategy. Since its IPO in 2017, the company has completed 35 acquisitions representing more than $7 billion in value.
Diversified said acquisitions remain a core part of its strategy and that it regularly holds preliminary discussions with potential counterparties regarding transactions.
The company did not disclose potential terms, valuation or a timeline for the Birch Resources discussions.
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