Civitas resources, inc. repurchases $300 million of its common stock

Denver--( business wire )--civitas resources, inc. (nyse: civi) (“civitas” or the “company”), today reported that it has agreed to repurchase approximately 4.9 million shares of its common stock, par value $0.01 per share (the “common stock”) at a price per share of $61.00, resulting in aggregate consideration of approximately $300 million (the “repurchase”) from its largest shareholder, canada pension plan investment board (“cpp investments”).
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