Deal Ends Challenge Of $41B Exxon-XTO Merger

Law360, New York (October 13, 2010, 3:12 PM EDT) -- A state court settlement has paved the way for an XTO Energy Inc. shareholder to drop his federal claims against the oil and natural gas provider relating to its $41 billion tie-up with Exxon Mobil Corp., which he had claimed did not adequately compensate XTO shareholders for the company’s assets.

Judge Terry Means of the U.S. District Court for the Northern District of Texas on Tuesday signed off on the voluntary dismissal of the case, which was one of five federal court actions and 11 state...
To view the full article, register now.