ExxonMobil Recommends Shareholders Reject Below-Market Mini-Tender Offer by Ponos Industries LLC
July 29, 2020
July 29, 2020
IRVING, Texas, July 29 -- ExxonMobil, an international energy company, issued the following news release:
Exxon Mobil Corporation has received notice of an unsolicited mini-tender offer by Ponos Industries LLC to purchase up to 1 million shares of ExxonMobil common stock, which represents approximately 0.024 percent of the shares outstanding as of the April 27, 2020 offer date.
Ponos' offer price of $48 per share is conditioned on the closing price per share exceeding $ . . .
Exxon Mobil Corporation has received notice of an unsolicited mini-tender offer by Ponos Industries LLC to purchase up to 1 million shares of ExxonMobil common stock, which represents approximately 0.024 percent of the shares outstanding as of the April 27, 2020 offer date.
Ponos' offer price of $48 per share is conditioned on the closing price per share exceeding $ . . .