US FTC set to rule on Exxon's $60 bln deal for Pioneer, Bloomberg reports
01/05/2024 17:29
May 1 (Reuters) - The U.S. Federal Trade Commission is
set to decide whether to sue to block Exxon Mobil's XOM.N $60
billion acquisition of Pioneer Natural Resources PXD.N in the
coming days, Bloomberg News reported on Wednesday, citing people
familiar with the matter.
The FTC had sent a second request for more information on
the deal, last year.
(Reporting by Sourasis Bose in Bengaluru; Editing by Shailesh
Kuber)
((Sourasis.Bose@thomsonreuters.com;))