Exxon Mobil to buy XTO Energy in $41 billion deal

[TxNonRev]

Exxon Mobil Corp. said Monday it will buy domestic energy giant XTO Energy Inc. in an all-stock deal valued at $41 billion as it moves to boost its presence in the unconventional natural gas business through a major acquisition.
The agreement, which is subject to XTO stockholder approval and regulatory clearance, will "enhance Exxon Mobil's position in the development of unconventional natural gas and oil resources," Exxon Mobil said.

Update :

XTO Energy is now part of Exxon Mobil Corp., ending a remarkable 24-year story that saw the Fort Worth company become one of the nation's leading independent oil and gas producers.
The sale of XTO to Exxon, which was announced in December, was formalized Friday in a filing with the Securities and Exchange Commission, just hours after stockholders approved the merger.