Denbury shareholders approve merger with Exxon Mobil
3:26 pm Tuesday, October 31st, 2023
(Reuters) – Denbury said on Tuesday its shareholders approved the company’s merger with Exxon Mobil, with the deal closing expected on Nov. 2.
Exxon Mobil in July agreed to buy the Plano, Texas-based Denbury for $4.9 billion to accelerate its energy transition business with an established carbon dioxide (CO2) sequestration operation.
(Reporting by Seher Dareen in Bengaluru; Editing by Shailesh Kuber)
