XTO Energy getting acquired by Exxon Mobil
December 14th, 2009 Leave a comment Visited 139 times, 1 so far today
XTO Energy getting acquired by Exxon Mobil
Exxon Mobil has announced that they are acquiring XTO Energy.
XTO Energy produces natural gas and this acquisition deal is worth around $31 billion in stock.
Exxon is also taking on around $10 billion in debt making it one of the biggest energy deals in the recent times.
Exxon spoke about this deal: “XTO is a leading U.S. unconventional natural gas producer, with an outstanding resource base, strong technical expertise and highly skilled employees.”
Exxon added that they expect this deal to close by the middle of next year.
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