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In connection with the proposed merger (the “Proposed Transaction”) of Devon Energy Corporation (“Devon”) and WPX Energy, Inc. “Today’s overwhelmingly positive support from both Devon and WPX stockholders reflects what an outstanding opportunity this is to maximize our businesses, drive synergies and accomplish our objectives for shareholders,” said Rick Muncrief, WPX’s chairman and CEO.ĪDDITIONAL INFORMATION AND WHERE TO FIND IT

energy company, with a focus on accelerating free cash flow growth and the return of capital to shareholders.” “This is an important milestone as we move toward uniting our complementary assets to create a leading U.S. “We are pleased with the strong support we received from both companies’ shareholders,” said Dave Hager, Devon’s president and CEO. At the special meeting of WPX shareholders held today, more than 87 percent of the shares of WPX common stock were represented, and more than 99 percent of the votes cast were in favor of the transaction. The merger is anticipated to close on January 7, 2021.Īt the special meeting of Devon shareholders held today, more than 70 percent of the shares of Devon common stock were represented, and more than 99 percent of the votes cast were in favor of the transaction. (“WPX”) (NYSE: WPX) today announced the shareholders of both companies voted in favor of all proposals necessary for the closing of the previously announced all-stock merger of equals between Devon and WPX. 30, 2020 (GLOBE NEWSWIRE) - Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc.