In December 1998, Exxon and Mobil announced an agreement to merge, and the deal closed on November 30, 1999, forming ExxonMobil in what was then the largest corporate merger in history at roughly eighty-one billion dollars. Both companies descended from Standard Oil, which the U.S. Supreme Court had broken into 39 independent firms in 1911, so the merger reunited two of Standard Oil's largest successors eighty-eight years after the breakup. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
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Source Wikipedia, ExxonMobil
Exxon and Mobil's 1999 merger, closing on November 30, 1999 to form ExxonMobil, remains one of the largest corporate mergers in history.
Source Wikipedia, ExxonMobil
Source Wikipedia, ExxonMobil
The 1999 merger reunited Exxon and Mobil, two of the largest successor firms the 1911 antitrust breakup created.
Source Wikipedia, ExxonMobil
Companies Involved
Source Wikipedia, ExxonMobil
Sources
1. Wikipedia, ExxonMobil
WikipediaHistory
In 1998, the two companies agreed to merge and form ExxonMobil, with the deal closing on November 30, 1999.
- Associated With: ExxonMobil
- Associated With: Standard Oil Antitrust Breakup
- Associated With: Finance
- Companies Involved: ExxonMobil
View the Source Essays About This Entity (1 essay)
The Breakup That Multiplied Standard Oil Instead of Ending It
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