Exxon is later today expected to announce an all-stock acquisition offer for Pioneer Natural Resources, Reuters has reported, citing unnamed sources. Bloomberg, also citing unnamed sources, said that the deal could be worth $58 billion, with the price per share at $250, representing a 16% premium to Pioneer’s closing price last Thursday when the Wall Street Journal reported on the acquisition negotiations. By Tuesday this week, the stock of the target company had gone up to over $237 per share, Bloomberg noted. The size of the deal is roughly…
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