Exxon, XTO Deal Secures Antitrust Clearances

Law360, New York (March 16, 2010, 5:20 PM EDT) -- Exxon Mobil Corp.'s plan to acquire natural gas producer XTO Energy Inc. has cleared the necessary antitrust hurdles, moving the deal closer to completion.

In twin regulatory filings with the U.S. Securities and Exchange Commission on Tuesday, both Exxon and XTO said the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Monday, without a second request from U.S. antitrust authorities.

The Netherlands Competition Authority also cleared the pending merger on March 9, the companies noted.

The deal still must be approved by the shareholders...
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