Replies to post #177291 on Traders of the Caribbean

[Traderzz]

XTO Energy Inc. (XTO:US) surged 16 percent to $47.98 for the biggest rally in the S&P 500. Exxon Mobil Corp. (XOM:US) agreed to buy XTO Energy in an all-stock transaction valued at $31 billion. Exxon agreed to issue 0.7098 common shares for each common share of XTO, or about $51.69 a share. Exxon fell the most in the Dow Jones Industrial Average, sliding 3.9 percent to $69.98.