Investing.com -- Coterra Energy Inc. and Devon Energy Corp. are in advanced discussions about a potential merger that could be announced in the coming days, according a Bloomberg report Thursday. Coterra shares rose 3% to $28.62 during Thursday trading, giving the company a market value of approximately $21.8 billion. Devon Energy shares increased 1.97% to $40.61, valuing the company at about $25.4 billion. The talks are at an advanced stage, but no final decision has been made, the report added. Related articlesCoterra and Devon reportedly in advanced merger talksReport: SpaceX and xAI in merger talks ahead of planned IPOApple acquires Israeli AI startup Q.ai in first sizeable deal in years