The U.S. Federal Trade Commission on Thursday declined to challenge Exxon Mobil Corp. s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer s co-founder, must not take a seat on Exxon s board.
Exxon-Pioneer deal greenlit by US FTC, Pioneer exec barred from board devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
Pioneer Natural Resources saw profits decline in the first quarter of the year due to lower natural gas prices as the company prepares to merge with Exxon.
U.S. regulators gave the go-ahead on Thursday to Exxon Mobil s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer s former CEO from Exxon s board on allegations he attempted to collude with OPEC to raise oil prices.
Exxon Mobil Receives OK for $60 bn deal to buy Pioneer Amidst Allegations of Collusion greentechlead.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greentechlead.com Daily Mail and Mail on Sunday newspapers.