Pioneer to take Parsley in $4.5B deal

THE US shale sale continues as Pioneer Natural Resources takes Parsley Energy for US$4.5 billion in an all-share deal.

Pioneer to take Parsley in $4.5B deal Pioneer to take Parsley in $4.5B deal Pioneer to take Parsley in $4.5B deal Pioneer to take Parsley in $4.5B deal Pioneer to take Parsley in $4.5B deal

Permian positioning continues 

 
Parsley shareholders get 0.1252 Pioneer shares for each of their own, an 8% premium to what the stock was trading at Monday.