TCIM urges Devon Energy to engage with potential acquirers

Investing.com · Vlad Schepkov · 2026-11-06 13:08 UTC

TCIM urges Devon Energy to engage with potential acquirers

TOMS Capital Investment Management (TCIM) issued a statement expressing disappointment with Devon Energy Corporation’s (DVN) decision to conclude its strategic review without selling additional assets.

TCIM said it was encouraged by a recent call with Devon’s Lead Independent Director Brent Smolik and CEO Clay Gaspar, during which Smolik indicated that Devon would engage with any interested third parties regarding a sale of the entire company, with or without a formal offer.

"We are confident that interested parties exist for the entire Company who would be willing to pay a substantial premium, and we expect the Board to follow through on its commitment to engage with them," TCIM said in the statement.

Read the full story at Investing.com · All coverage of this story