Federal Trade Commission Investigating Exxon’s $60B Merger With Texas Oil Company ...Middle East

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Federal Trade Commission Investigating Exxon’s $60B Merger With Texas Oil Company
(WASHINGTON) — Federal regulators are investigating ExxonMobil’s $60 billion deal to acquire a Texas oil company in what would be one the largest mergers in the energy industry in two decades, according to securities filings. [time-brightcove not-tgx=”true”] The Federal Trade Commission, which enforces federal antitrust law, has asked for additional information from the companies about Exxon’s proposed acquisition of Pioneer Natural Resources. The request is a step the agency takes when reviewing whether a merger could be anticompetitive under U.S. law. Pioneer disclosed the request in a filing Tuesday. The investigation comes after Senate Majority Leader Chuck Schumer and 22

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