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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Pioneer Natural Resources Co | NYSE:PXD | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 269.62 | 0 | 01:00:00 |
From May 2023 to May 2024
By Colin Kellaher
Shares of Pioneer Natural Resources edged higher in premarket trading Wednesday after the shale driller sealed a deal to be acquired by energy giant Exxon Mobil in a stock swap worth more than $60 billion.
Exxon said it will issue 2.3234 shares, worth $256.62 based on Tuesday's closing price of $110.45, for each share of Pioneer.
That represents a premium of 8% to Pioneer's Tuesday closing price of $237.41 and 19% to the Irving, Texas, company's closing price of $214.96, before The Wall Street Journal reported that the companies were closing in on a deal.
The transaction is slated to close in the first half of 2024.
Pioneer shares were recently up 1.9% at $242 in premarket trading, while shares of Exxon have slipped 1.7% to $108.55.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 11, 2023 07:11 ET (11:11 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Pioneer Natural Resources Chart |
1 Month Pioneer Natural Resources Chart |
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