Diamondback Acquires Double Eagle
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Business & Economics
Diamondback Energy to expand in Permian with $4.08 billion deal

80% Informative
Oil and gas company Diamondback Energy said it would buy certain units of Texas -based energy producer Double Eagle in a cash-and-stock deal for about $4.08 billion .
The shale producer expects to reduce net debt to $10 billion and, long term, maintain leverage of $6 billion to $8 billion .
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90
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88
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English
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