Brower Piven Announces Investigation of XTO Energy Inc.

Brower Piven, A Professional Corporation is investigating potential claims on behalf of shareholders of XTO Energy Inc. (“XTO” or the “Company”) (NYSE: XTO) for possible breaches of fiduciary duties by the XTO Board of Directors and other violations of state law arising from the Company’s announcement of its intent to be acquired by Exxon Mobil Corp. (“Exxon”) (NYSE: XOM). Under the terms of the transaction, XTO shareholders will receive 0.7098 shares of Exxon stock for each share of XTO they own for a total transaction value of approximately $41 billion, including assumption of about $10 billion in XTO debt.

The investigation concerns the potential unfairness of the consideration to be paid to XTO shareholders, as well as the XTO Board of Directors’ potential breaches of their fiduciary duties to XTO shareholders, including from the possible failure to disclose all information necessary for the public shareholders of XTO to make an informed decision whether to vote in favor of the contemplated transaction.

If you own common stock in XTO and wish to obtain additional information relating to Exxon’s prospective acquisition of XTO, please contact Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, A Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202.

Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel regarding this matter, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice.

XTO (NYSE:XTO)
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から 12 2024 まで 1 2025