Exxon’s US$ 64.5 Billion Mega Deal: Pioneer Bought

Posted on 10/16/2023

The Exxon Mobil Corporation and Pioneer Natural Resources have jointly announced a definitive agreement for Exxon to acquire Pioneer. The merger is an all-stock transaction valued at US$ 59.5 billion, or US$ 253 per share. Under the terms of the agreement, Pioneer shareholders will receive 2.3234 shares of Exxon for each Pioneer share at closing.…

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