Article By:
Benzinga
Wednesday, October 21, 2020 4:41 AM EST
Pioneer Natural Resources Company on Tuesday confirmed it has agreed to acquire market peer Parsley Energy Inc in an all-stock transaction valued at $4.5 billion. Including Parsley's debt, the transaction is estimated to be valued at $7.6 billion.
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Good article. I have a stake in this via Pioneer Natural Resources, $PXD, who have a large area in the Permian Basin