FTC greenlights Exxon-Pioneer megadeal with a caveat. It’s still a good sign for energy mergers
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The FTC barred Pioneer’s former CEO from Exxon’s board on allegations he attempted to collude with OPEC to raise oil prices.
U.S. regulators on Thursday gave the go-ahead to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer’s former CEO from Exxon’s board on allegations he attempted to collude with OPEC to raise oil prices.