Activist TOMS Capital pushes US shale producer Devon to quicken asset sales or sell itself, sources say

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Activist TOMS Capital pushes US shale producer Devon to quicken asset sales or sell itself, sources say

AI Summary

Activist investor TOMS Capital is pressuring US shale producer Devon Energy to accelerate asset sales or consider selling the company. This push reflects increasing shareholder activism in the energy sector focusing on strategic alternatives.

Markets Deals Energy TOMS Capital Devon Energy shale producer asset sales shareholder activism energy sector

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