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Wednesday, December 1, 2010

Exxon-Mobil: How to do a deal right?

1908RandallCountyCourthouseCanyonTexas907TJnsn Yesterday in our "Today in History" feature we noted that November 30 was the anniversary of the 1999 merger between Exxon and Mobil, the largest in history.  Today is the anniversary of the deal's public announcement.

There were lots of naysayers (like me) at the time.  But over at the Wall Street Journal blog, Gregory Corcoran takes a look back at the very controversial merger, and rates it as one of the most successful ever -- the "archetype of a successful deal."  He makes a pretty good case.


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