ExxonMobil buys Denbury, whose carbon capture acreage in Louisiana was flourishing
ExxonMobil has agreed to buy Denbury Inc., a leading carbon capture and exploration company whose sequestration acreage in Louisiana had skyrocketed recently. the $4.9 billion transaction was announced Thursday.
The all-stock deal came out to $89.45 per share, according to ExxonMobil news release. Denbury shareholders will receive 0.84 shares of ExxonMobil stock for each Denbury share they own.