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Stock Market & Financial Investment News

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June 30, 2014
10:17 EDTDVN, LINEDevon Energy asset sale price beat expectations, says Wells Fargo
Wells Fargo said Devon Energy's (DVN) sale of its remaining non-core U.S. assets to LINN Energy (LINE) for $1.8B after tax beat the firm's conservative $1.1B estimate and topped the Street view that the deal would fetch $1.2B-$1.4B. Wells, which adds that the deal should be completed sooner than expected as well, keeps its Outperform rating on Devon Energy.
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