Posted on · While the combined company will remain far behind Exxon Mobil Corp. and Royal Dutch Shell Plc. in market capitalization, it jumps from the fourth biggest producer among major drillers, to second.
Posted on · Low crude oil prices often lead big energy companies to gobble up smaller ones. But merger and acquisition activity in the sector is modest compared to previous downturns.
Posted on · The merger will give Houston-based Mattress Firm, already the nation’s largest mattress retailer, a dominant position in the Northeast and Mid-Atlantic states.
Posted on · The acquisition is likely to mean further layoffs in Houston’s energy services sector.