Exxon said it is purchasing an experienced developer of carbon capture, utilization and storage (CCUS) solutions and EOR for $89.45 per share, representing a premium of roughly 2% compared to Denbury’s July 12 closing price of $87.75.
ExxonMobil has agreed to buy Denbury Inc., a leading carbon capture and exploration company whose sequestration acreage in Louisiana has skyrocketed recently, in a $4.9 billion transaction that was announced