The U.S. Federal Trade Commission is set to decide whether to sue to block Exxon Mobil’s $60 billion acquisition of Pioneer Natural Resources in the coming days, Bloomberg News reported on Wednesday, citing people familiar with the matter. Exxon complied with FTC’s second request for information at the beginning of April, triggering a 30-day period within which the antitrust agency must make a decision, the report added. The timeline could be extended if regulators and Exxon agree to continue working on ironing out competition issues, the report said.
Yahoo! Finance: PXD News
