Pioneer Nat. Resources, Pioneer SW Energy to merge

摘要

Pioneer Natural Resources Co. (NYSE: PXD) and Pioneer Southwest Energy Partners LP (NYSE: PSE) have agreed to merge, with Pioneer Southwest becoming a wholly owned subsidiary of Pioneer's operating company, Pioneer Natural Resources USA Inc., through a stock-for-unit exchange. Under terms of the merger agreement, Pioneer Southwest's public unitholders would receive 0.2325 of a share of common stock of Pioneer per Pioneer Southwest common unit, plus a whole share of Pioneer common stock.