Exxon Mobil Acquires Denbury to Bolster Carbon-Capture Endeavors – Merger Arbitrage Mondays

New Feature: Merger Calendar

We are very excited to announce the launch of a much awaited feature that multiple premium subscribers have asked for in recent weeks. Starting today, premium members can access a Merger Calendar from here that will allow them to visually see new deal announcements, updates to deals, etc. Clicking on a linked event will take you to the official press release or SEC filing related to the event.

You can also search for a specific symbol and all events related to that company will be displayed at the top of the calendar. The merger calendar also looks ahead and includes information about potential shareholder approval dates and HSR expiration dates, provided the information is available from a proxy statement filing.

Now, back to regular programming.

Denbury Inc. (DEN)

Exxon Mobil Corporation (XOM) announced on July 13, 2023, that it has reached a definitive agreement to acquire Denbury (DEN) in an all-stock deal valued at $4.9 billion, equivalent to $89.45 per share based on ExxonMobil’s closing price on July 12, 2023.

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