News Formal

Exxon’s $59.5 billion deal for Pioneer Natural Resources tops 2023 deals in moribund M&A market

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Exxon’s all-stock acquisition of Permian Basin oil and gas specialist beats out Pfizer’s $44.6 billion acquisition of Seagen in a weak year for deals thus far

Exxon Mobil Corp.’s plan to buy Pioneer Natural Resources Co. for $64.5 billion including debt ranks as the largest merger announced thus far in 2023, which has been a lackluster year for deal making.

Exxon Mobil’s stock was down by 3.2% in premarket trading. Pioneer Natural Resources moved up by 1.7%.The deal bumped Pfizer Inc.’s PFE, -0.56% $44.6 billion acquisition of Seagen Inc. SGEN, +0.08%, announced on March 13, out of its spot as the largest of the year, according to data from KPMG. That deal is followed by the $21.6 billion acquisition of Newcrest Mining Ltd. NCMGY, +1.87% by Newmont Corp. NEM, +0.51% and the $21.3 billion acquisition of WestRock Co. WRK, +0.62% by Smurfit Kappa Group Plc. SMFTF, -0.43%.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion in all-stock mergerThis is breaking news. Please check back for updates.
La source: NBCNewYork - 🏆 270. / 63 Lire la suite »