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Market Chatter: Diversified Energy in Talks to Acquire Elliott-Backed Birch Resources

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Diversified Energy (DEC) is in preliminary talks to acquire Birch Resources, which operates in the Permian Basin, Reuters reported Friday, citing a Diversified Energy statement.

The parties are yet to reach an agreement, and there is no certainty that any deal will materialize, the news agency reported, citing the statement.

Birch is backed by investment firm Elliott Investment Management, according to the repot.

Diversified Energy and Elliot didn't immediately respond to' requests for comment.

Diversified Energy shares were up 1.4% in premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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