从喜剧中心到埃克森美孚-先锋交易,新的联邦贸易委员会出现

一位反垄断律师表示,埃克森美孚和先锋自然资源公司的交易很快就完成了,而且没有撤资条件,“除了禁止先锋公司的创始首席执行官进入埃克森公司董事会的唯一条件之外。”

一位反垄断律师表示,考虑到目前联邦贸易委员会对石油和天然气并购及其他交易的严格审查,埃克森美孚和先锋自然资源可能“非常高兴”获得合并许可。  

凯易律师事务所的反垄断和竞争律师 Chuck Boyars 表示,联邦贸易委员会仅在一个条件下允许该交易进行:禁止 Pioneer 的创始首席执行官 Scott Sheffield 参与合并后公司的决策。 。

根据最初的合并协议,谢菲尔德将在埃克森美孚董事会中代表前先锋股东担任职务。

您已达到免费故事限制。

注册以继续免费阅读。

获取有限的免费文章、能源新闻和分析、独家采访和时事通讯。

无需信用卡。您同意我们的隐私政策。

原文链接/HartEnergy

From Comedy Central to Exxon Mobil-Pioneer Deal, a New FTC Emerges

The Exxon Mobil and Pioneer Natural Resources deal closed quickly and without divestment conditions, an antitrust attorney said — except for the sole condition that barred Pioneer’s founding CEO from Exxon’s board.

Considering the current Federal Trade Commission’s heightened scrutiny of oil and gas M&A and other deals, Exxon Mobil and Pioneer Natural Resources were likely “very happy” to get merger clearance, according to an antitrust attorney.  

The FTC allowed the deal to go forward with only one condition: Ban Pioneer’s founding CEO, Scott Sheffield, from participating in the combined company’s decision-making going forward, according to Chuck Boyars, antitrust and competition attorney with Kirkland & Ellis.

Under the initial merger agreement, Sheffield was to hold a position on the Exxon Mobil board representing former Pioneer shareholders.

YOU’VE REACHED YOUR FREE STORY LIMIT.

Sign Up to Continue Reading for Free.

Gain access to limited free articles, energy news and analysis, exclusive interviews, and newsletters.

No credit card required. You agree to our Privacy Policy.