The Federal Trade Commission is poised to grant approval to Exxon Mobil’s (XOM) planned $60B purchase of Pioneer Natural Resources (PXD) after the companies agreed to minor concessions, according to Bloomberg’s Kevin Crowley and Leah Nylen, citing people familiar with the matter. An announcement on the matter could happen within days, the authors note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XOM:
- XOM, SLB, or CVX: Which Energy Stock is the Most Attractive Pick?
- Exxon Mobil price target raised to $135 from $128 at TD Cowen
- Exxon Mobil price target raised to $120 from $111 at HSBC
- Exxon Mobil price target raised to $142 from $138 at Wells Fargo
- ProPetro in three year deal with Exxon in Permian, no terms
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue