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$PXD It was recently announced that. $XOM (-2,95%) 2.3234 shares per $PXD share after the takeover. For me, this is the first time that my shares have been converted due to a takeover. Is there anything to consider here?

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Marvel@Marvel

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@Michael-official The question would be: what is the Exxon share price at the time of conversion? You might just make a loss. Or am I seeing this wrong?

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Hannes@Hannes_SK

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@Marvel Use Exxon's share price to work out whether you are currently making a loss.

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Marvel@Marvel

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@Hannes_SK That makes sense. I just don't know exactly when Exxon's share price is taken as a basis and whether there is a standard procedure here. Thank you for your answers!

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Hannes@Hannes_SK

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@Marvel I don't really understand what you mean.

The takeover agreement has already been agreed. A payment in shares was agreed there. Accordingly, you receive the fixed number of Exxon shares for yours. That is independent of the price.

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Marvel@Marvel

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@Hannes_SK I understood that. But if I'm interpreting it correctly, the conversion of the shares will take place in the first half of 2024. If the Exxon share price is too low on the key date, I would receive less value than I invested in Pioneer at the time. On the other hand, if the Exxon share price is high, I would have made a profit. Or am I making a mistake here?

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