Kendall Law Group Launches Shareholder Investigation into Acquisition of XTO Energy Inc.

Kendall Law Group, led by a former Federal Judge and former U.S. Attorney, launched a shareholder investigation today into the proposed acquisition of XTO Energy Inc. (NYSE: XTO) by Exxon Mobil Corp.

On December 14, 2009, the companies announced that Exxon was to purchase XTO in a $41 billion all-stock transaction expected to close in the second quarter of 2010. According to the agreement, shareholders will receive 0.71 share of Exxon stock per XTO share owned. This values shares at approximately $51.71 based on the closing price of Exxon stock on December 11, 2009 and represents a 25% premium over the $41.49 closing price of XTO on that day.

Kendall Law Group’s investigation concerns whether the consideration to be paid to shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of the Company and whether the directors and special committee members may have breached their fiduciary duties by not acting in the shareholders’ best interests in connection with the sale process.

For information about your rights as an XTO shareholder, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. The firm has significant experience representing investors in mergers and acquisitions.

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