![FTC Investigates Exxon’s $60 Billion Deal for Pioneer FTC Investigates Exxon’s $60 Billion Deal for Pioneer](https://morningtopnews.com/wp-content/uploads/2023/12/1701853381_social-768x384.jpeg)
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Updated Dec. 5, 2023 5:25 pm ET
U.S. antitrust enforcers are investigating Exxon Mobil’s plan to acquire Pioneer Natural Resources, which would be the largest oil-and-gas deal in two decades, according to securities filings.
The Federal Trade Commission has sought additional information from the companies about the deal, a step it takes when reviewing whether a merger could be anticompetitive under U.S. law, Pioneer disclosed in a filing Tuesday. Merger investigations on average take about 10 months to complete, according to data compiled by law firm Dechert.
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