AGT to Buy Devon Group
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Under the agreement, holders of Devon common stock will receive, for each Devon share, $30 in cash and a tax-free distribution of 0.6 of a share of AGT common stock.
Assuming a market price of $50 per share for AGT stock, the transaction equates to a total value of approximately $440 million, or $60 per Devon share.
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- People:
- Marne Obernauer
- Places:
- New York
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