Jim Cramer said Wednesday he intends to sell the Investing Club's entire Pioneer Natural Resources position when trading restrictions allow, following the official announcement that Exxon Mobil is acquiring the company in an all-stock deal. The transaction values Pioneer at $59.5 billion , or $253 per share. That's about 18% above where Pioneer's stock closed Oct.
Scott Sheffield, CEO of Pioneer Resources, speaks during the IHS CERAWeek 2015 energy conference in Houston, Texas.
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