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Article: Exxon and Mobil Sign Merger Agreement.
- Article from:
- PR Newswire
- Article date:
- December 1, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Today Exxon and Mobil announced that they have reached an agreement to
merge. A news release regarding this agreement follows. Key points in
the news release include:
- Exxon shareholders to own about 70 percent and Mobil shareholders to
own about 30 percent of the merged company.
- The merged company will be renamed Exxon Mobil Corporation.
- Both the Exxon and Mobil brands will be retained.