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Pioneer Natural Resources, Pioneer Southwest Energy Partners Announce Merger

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Business Wire
August 12, 2013

Pioneer Natural Resources Co. (NYSE: PXD) and Pioneer Southwest Energy Partners LP (NYSE: PSE) have announced the execution of a definitive agreement that would result in a merger whereby Pioneer Southwest would become a wholly-owned subsidiary of Pioneer’s operating company, Pioneer Natural Resources USA Inc., through a stock-for-unit exchange. Under the terms of the merger agreement, Pioneer Southwest’s public unitholders would receive 0.2325 of a share of common stock of Pioneer per Pioneer Southwest common unit surrendered pursuant to the merger agreement, plus a whole share of Pioneer common stock ...

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