When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
XOM - Exxon confirms deal to buy Pioneer Natural Resources for $60B in stock
Exxon Mobil Corporation
2023-10-11 06:35:24 ET
Exxon Mobil ( NYSE: XOM ) said Wednesday it agreed to acquire Pioneer Natural Resources ( NYSE: PXD ) in an all-stock transaction valued at $59.5B, or $253/share, based on Exxon's closing price on October 5.
Under the deal terms, Pioneer ( PXD ) shareholders will receive 2.3234 Exxon ( XOM ) shares for each Pioneer share at closing.
The implied total enterprise value of the transaction, including net debt, is ~$64.5B.