ExxonMobil Enters Definitive Agreement To Acquire Denbury In An All-Stock Transaction Valued At $4.9B Or $89.45 Per Share
Portfolio Pulse from Benzinga Newsdesk
ExxonMobil has entered a definitive agreement to acquire Denbury in an all-stock transaction valued at $4.9 billion, or $89.45 per share. Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share.
July 13, 2023 | 12:04 pm
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NEUTRAL IMPACT
ExxonMobil's acquisition of Denbury could potentially increase its assets and market share. However, the cost of the acquisition may impact its short-term financials.
The acquisition could increase ExxonMobil's assets and market share, which could potentially boost its stock price in the long term. However, the cost of the acquisition could impact its short-term financials, leading to a neutral short-term score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share, which could potentially increase their investment value.
The acquisition deal offers Denbury shareholders 0.84 shares of ExxonMobil for each Denbury share. This could potentially increase their investment value, leading to a positive short-term score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100