ExxonMobil pps dips

[Kaliboo]

ExxonMobil pps has dropped 10% since the Exxon bid was declared 'superior' on July 18th. Exxon price was then $94.82, and it is currently $85.42 [a drop of $9.40 or 10%]. This is good news for IOC shareholders as we will obtain 10% more share value in Exxon shares as a result, should the share price hold at around this level for the next week or so and, of course, should the deal pass the 66.7% approval mark next week.

Thanks to market impacting comments by the Fed heads and the IEA plus other value destroying projections yet to come,  we may end up getting more XOM shares for the $45 offering than we ever dreamed possible.  It is Dreaded September.