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XTO sets date for shareholder vote on Exxon deal

XTO Energy Inc will hold a special shareholder meeting on June 25 so its investors can vote on the company's proposed $25 billion takeover by Exxon Mobil Corp, the company said on Thursday.

In a filing with the Securities and Exchange Commission, XTO said it will hold the meeting on June 25, in Fort Worth, Texas.

Exxon Mobil agreed to buy XTO in December in order to pick up domestic natural gas assets, as it bets on that fuel's expanding use in the US.

Exxon would pay 0.7098 common share for each XTO share, valuing the deal at around $25.3 billion on Thursday. When the deal was announced, it was valued at around $30 billion. (Reuters)