ExxonMobil announces acquisition of Denbury for $4.9 billion
ExxonMobil Corporation announced entering a definitive agreement to acquire Denbury. Denbury is a developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery.The acquisition is an all-stock transaction which values at $4.9 billion. Based on Exxon Mobil’s closing price on July 12, 2023, it is $89.45 per share. As per the terms…