regulatory
confidence high
sentiment neutral
materiality 0.55
Exxon and Pioneer receive FTC Second Request for merger review
EXXON MOBIL CORP
- Second Request received on Dec 4, 2023, under HSR Act, extending waiting period.
- Waiting period extended to 30 days after substantial compliance by both parties.
- Companies continue to expect merger close in first half of 2024.
- Completion subject to HSR clearance, other regulatory approvals, and Pioneer stockholder vote.