ExxonMobil Announces Merger With Pioneer Natural Resources in an All-Stock Transaction
October 12, 2023
October 12, 2023
IRVING, Texas, Oct. 12 (TNSres) -- ExxonMobil, an energy provider and chemical manufacturer, issued the following news release on Oct. 11, 2023:
Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil's closing price on October 5, 2023. Under the terms of the agreement, Pioneer shareho . . .
Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil's closing price on October 5, 2023. Under the terms of the agreement, Pioneer shareho . . .