Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...
and more »
Welcome to my new trading blog based of after hours stocks. Please subscribe for updates.
Exxon Mobil Corporation (NYSE: XOM) and XTO Energy Inc. (NYSE: XTO) announced an all-stock merger transaction valued at $41 billion. ExxonMobil has agreed to issue 0.7098 common shares for each common share of XTO. The deal has already been approved by the boards of directors of both companies. The agreement is subject to XTO stockholder approval and is also subject to regulatory approval. XTO shares are up 19% at $49.15 on 1.7 million shares as of 7:52 AM EST. We’d watch spreads contract and tighten on this one over the days and weeks ahead, because it is not known how the current administration will treat a domestic merger of this sort.
JON OGG