Exxon Mobil (XOM) announces a merger with Pioneer (PXD) in an all-stock transaction. The deal is valued at $59.5B. PXD shareholders will receive 2.3234 shares of XOM for every PXD share they own. Stewart Glickman discusses what the XOM/PXD deal means for the energy sector. He talks about how the energy sector is lagging after the XOM/PXD deal and crude oil prices drop. Tune in to find out more about the stock market today.
Trading 360
11 Oct 2023
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