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Chevron's PDC Energy deal a surprise, may see regulatory scrutiny - analyst

May 22, 2023 11:34 AM ETPDC Energy, Inc. (PDCE), CVXOXY, CIVIBy: Joshua Fineman, SA News Editor4 Comments
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Chevron's (NYSE:CVX) announced $72 a share all-stock deal for PDC Energy (NASDAQ:PDCE) is surprising news and it may see scrutiny from antitrust regulators, according to KeyBanc.

It's surprising that PDC Energy (PDCE) agree to sell at just an 11% premium

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