FTC Set To Rule On $60B Exxon-Pioneer Deal In Coming Days
Portfolio Pulse from Benzinga Newsdesk
The Federal Trade Commission (FTC) is expected to make a ruling on the proposed $60 billion acquisition of Pioneer Natural Resources by Exxon Mobil in the coming days, according to Bloomberg.
May 01, 2024 | 4:19 pm
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Exxon Mobil's proposed $60 billion acquisition of Pioneer Natural Resources is pending FTC approval, which could significantly impact Exxon's market position and stock price.
The approval of the acquisition by the FTC would likely be viewed positively by the market, as it would significantly expand Exxon Mobil's resource base and operational capabilities. However, regulatory concerns or conditions imposed could temper market enthusiasm.
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