XOM - Exxon Mobil Reportedly In Advanced Talks Over $250-Per-Share Acquisition Of Pioneer Natural Resources | Benzinga
In recent news, Exxon Mobil Corp. (NYSE:XOM) is said to be in the midst of finalizing a takeover deal with Pioneer Natural Resources Co. (NYSE:PXD). The speculated transaction could see shares of Pioneer being purchased for more than $250 each.
What Happened: As reported by Bloomberg, the all-stock deal is expected to be announced as early as Wednesday. The deal, if it goes through, would value Pioneer at not less than $58 billion, considering the number of outstanding shares. The Bloomberg source added a note of caution, stating that the final agreement is yet to be finalized and the terms may change or the talks could end without a deal.
After the close of trading in New York on Tuesday, Pioneer’s shares had seen a 0.8% increase to $237.41, resulting in a ...