Comment on FTC greenlights Exxon-Pioneer megadeal with a caveat. It’s still a good sign for energy mergers

FTC greenlights Exxon-Pioneer megadeal with a caveat. It’s still a good sign for energy mergers

The agency barred Pioneer’s former CEO from Exxon’s board on allegations that he attempted to collude with OPEC to raise oil prices. On Thursday U.S. regulators gave the go-ahead to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer’s former CEO from Exxon’s board on allegations that he attempted to collude with OPEC to raise oil prices.

 

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