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Exxon Mobile Buys XTO

December 14, 2009 by ingrid_mueller 

The news was released today that Exxon Mobile will buy  XTO Energy Inc., one of the leading oil and gas companies.   XTO  gapped up $7.02 at the open in response to the news.  It is important to note  that it is generally the company being bought that moves on the news  not the company doing the buying.

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