when will pxd takeover occur ? | XOM Message Board Posts


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Msg  2671 of 2708  at  11/17/2023 10:10:24 PM  by

birdog40


 In response to msg 2669 by  Dalian
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Re: when will pxd takeover occur ?

Transaction Details

The per-share merger consideration noted above represents an approximate 18% premium to Pioneer’s undisturbed closing price on October 5 and a 9% premium to its prior 30-day volume-weighted average price on the same day.

The Boards of Directors of both companies have unanimously approved the transaction, which is subject to customary regulatory reviews and approvals. It is also subject to approval by Pioneer shareholders. The transaction is expected to close in the first half of 2024.


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