M&A
confidence high
sentiment neutral
materiality 0.40
ExxonMobil: J.P. Morgan, TPH&Co. each get ~$42.7M fee for Denbury deal
EXXON MOBIL CORP
- J.P. Morgan and TPH&Co. each entitled to ~$42.7M transaction fee including $3M opinion fee.
- PJT Partners to receive $3M for its fairness opinion on the merger.
- Denbury special meeting to vote on acquisition scheduled for October 31, 2023.
- Based on exchange ratio of 0.840 XOM shares per Denbury share and XOM close of $113.02 on Oct 19.
- Fee disclosure comes ahead of stockholder vote on the deal.