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Friday, October 10, 2014

Deals of the day- Mergers and acquisitions, (NYSE: PXD)

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:** India's Reliance Industries Ltd is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources Co, a sale that could raise as much as $4.5 billion, according to people familiar with the matter.

Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States and South Africa. Shares of PXD fell by 0.99% or $-1.76/share to $176.24. In the past year, the shares have traded as low as $163.90 and as high as $234.60. On average, 1375200 shares of PXD exchange hands on a given day and today's volume is recorded at 2495213.