Merger activity increased significantly last week with eight new deals announced and one deal terminated.
This is the highest number of deals announced in a single week this year but most of these deals were relatively small compared to the multi-billion-dollar deals we saw in the week prior. Two of the new deals announced were from the energy sector, one of the hardest-hit sectors during the COVID-19 pandemic. Based in Irving, Texas, Montage Resources Corporation is an independent oil and natural gas exploration and production company. On August 12, 2020, Montage Resources Corporation (MR) agreed