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Pioneer Natural Resources Co completes merger of Pioneer Southwest Energy Partners L.P.

Tuesday, 17 Dec 2013 11:38am EST 

Pioneer Natural Resources Co and Pioneer Southwest Energy Partners L.P:Says the completion of the merger of Pioneer Southwest with a wholly-owned subsidiary of Pioneer, with Pioneer Southwest surviving the merger as an indirect wholly-owned subsidiary of Pioneer, effective Dec 17.Says under the merger agreement, each Pioneer Southwest unitholder eligible to receive the merger consideration will receive 0.2325 of a share of Pioneer common stock for each Pioneer Southwest common unit owned by such unitholder.Says as a result of the completion of the merger, common units of Pioneer Southwest will cease trading at the close of business Dec 17.Says shares of Pioneer common stock will continue to be traded on the New York Stock Exchange under the ticker symbol PXD. 

Company Quote

4.76 +3.22%
19 Dec 2014