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Exxon to Buy Denbury in $4.9B All-stock Deal

Wednesday, July 19, 2023   (0 Comments)
Posted by: Annie Nguyen
Exxon to Buy Denbury in $4.9B All-stock Deal

Hart Energy

July 13, 2023

 

Exxon said it is purchasing an experienced developer of carbon capture, utilization and storage (CCUS) solutions and EOR for $89.45 per share, representing a premium of roughly 2% compared to Denbury’s July 12 closing price of $87.75.

Exxon Mobil Corp. will acquire Denbury Inc. in an all-stock transaction valued at $4.9 billion, the company said in a...

 

https://www.hartenergy.com/exclusives/exxon-buy-denbury-49b-all-stock-deal-205760?mkt_tok=NDMzLU9ESy04ODkAAAGM7mvcNrXsirNjEJb3XDNiPDDxZ4r7-TFaW6PNzXDMera76ie8Vqmax3N4U2mWLlcRXi0LfD9UD8G4Nmd86z0mLAD90w5fF1ZXBUj9Wrah7U2p


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