financetom
Business
financetom
/
Business
/
Exxon to bar Pioneer CEO from its board in deal with FTC, WSJ reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exxon to bar Pioneer CEO from its board in deal with FTC, WSJ reports
May 1, 2024 1:52 PM

(Reuters) - Exxon Mobil ( XOM ) is set to close its $60 billion deal for Pioneer Natural Resources ( PXD ) following an agreement with antitrust enforcers to not add Pioneer CEO Scott Sheffield to its board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

The Federal Trade Commission is set to allege as soon as Wednesday that Sheffield engaged in collusive activity that could have raised the price of oil, according to the report.

(Reporting by Mrinalika Roy in Bengaluru; Editing by Anil D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bunker Hill Mining Advances Construction of Namesake Project in Idaho
Bunker Hill Mining Advances Construction of Namesake Project in Idaho
Oct 17, 2024
08:32 AM EDT, 10/17/2024 (MT Newswires) -- Bunker Hill Mining ( BHLL ) said Thursday that it continues to advance the construction of its namesake project in Idaho's Silver Valley. Bunker Hill said it remains on track to complete construction and start production in the first half of 2025. We are pleased to report that the construction of the Silver...
BRIEF-Carlisle Companies To Acquire Plasti-Fab, A Canadian Based Vertically Integrated Manufacturer Of Expanded Polystyrene Insulation Products
BRIEF-Carlisle Companies To Acquire Plasti-Fab, A Canadian Based Vertically Integrated Manufacturer Of Expanded Polystyrene Insulation Products
Oct 17, 2024
Oct 17 (Reuters) - Carlisle Companies Inc ( CSL ): * CARLISLE COMPANIES TO ACQUIRE PLASTI-FAB, A CANADIAN BASED VERTICALLY INTEGRATED MANUFACTURER OF EXPANDED POLYSTYRENE INSULATION PRODUCTS * CARLISLE COMPANIES INC ( CSL ) - TO PURCHASE PLASTI-FAB FOR $259.5 MILLION IN CASH * CARLISLE COMPANIES INC ( CSL ) - ACQUISITION TO ADD $0.30 ADJUSTED EPS IN 2025 Source...
Kezar Life Sciences Rejects Concentra Biosciences Takeover Bid, Adopts Rights Plan
Kezar Life Sciences Rejects Concentra Biosciences Takeover Bid, Adopts Rights Plan
Oct 17, 2024
09:11 AM EDT, 10/17/2024 (MT Newswires) -- Kezar Life Sciences ( KZR ) said Thursday that its board of directors has unanimously rejected an unsolicited takeover bid from Concentra Biosciences saying it substantially undervalues the company. The company said Concentra Biosciences sought to acquire all of its outstanding common stock for $1.10 cash per share, as well as the possibility...
BRIEF-ehouse Acquires Pointer Creative To Enhance Shopify Creative, UX/UI, Design And Development Capabilities And Expand Its Presence In Apparel, Cosmetics And Beauty
BRIEF-ehouse Acquires Pointer Creative To Enhance Shopify Creative, UX/UI, Design And Development Capabilities And Expand Its Presence In Apparel, Cosmetics And Beauty
Oct 17, 2024
Oct 17 (Reuters) - Ehouse Global Inc ( EHOS ): * EHOUSE ACQUIRES POINTER CREATIVE TO ENHANCE SHOPIFY CREATIVE, UX/UI, DESIGN AND DEVELOPMENT CAPABILITIES AND EXPAND ITS PRESENCE IN APPAREL, COSMETICS AND BEAUTY Source text for Eikon: Further company coverage: ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved