FTC Set to Rule on $60 Billion Exxon-Pioneer Deal in Coming Days [Financial Post (Toronto, Ontario, Canada)]
Exxon Mobil Corporation (XOM)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — The Federal Trade Commission is set to decide whether to sue to block Exxon Mobil Corp.'s $60 billion acquisition of Pioneer Natural Resources Co. in coming days, according to people familiar with the matter. Exxon complied with the FTC's second request for information at the beginning of April, triggering a 30-day period within which the antitrust agency must make a decision, said the people who declined to be named because the information is private. The timeline can be extended if regulators and the company agree to continue working on ironing out competition issues. Article content Article content Exxon Chief Financial Officer Kathy Mikells said last week the company has had “productive” dialog with the FTC and expects to close the deal this quarter. The FTC, Pioneer and Exxon declined to comment for this story. The Texas oil giant's acqui
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- 5/13/24 - Form PX14A6G
- XOM's page on the SEC website