PXD Jun 2024 175.000 put
- Reuters
UPDATE 1-US FTC signals Exxon deal approval, bars executive from board seat
The Federal Trade Commission signaled on Thursday it was prepared to green light Exxon Mobil's $60 billion purchase of Pioneer Natural Resources on the condition Pioneer's former CEO will not be allowed to join Exxon's board. The FTC's consent order prevents former Pioneer Natural Resources CEO Scott Sheffield from taking an offered seat on Exxon Mobil's board of directors to resolve antitrust concerns about Exxon's bid to buy the top shale oil producer.
- Bloomberg
Exxon to Close Pioneer Deal as FTC Forces Out Founder Sheffield
(Bloomberg) -- The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer’s co-founder, must not take a seat on the supermajor’s board. Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTesla Axes Supercharger Team in Blow to Broade
- Bloomberg
Exxon Set to Win FTC Approval for $60 Billion Pioneer Deal
(Bloomberg) -- The US Federal Trade Commission is poised to greenlight Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. after the companies agreed that Pioneer’s co-founder and former chief executive officer won’t join the board, according to people familiar with the matter.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastJerome Powell Offered Markets a Reprieve. It Vanished in a BlinkTesla Axes Supercharger Team in Blow to Broader EV M
