Chevron-Hess merger clears FTC antitrust review
WEB3 days ago · San Ramon, California, September 30, 2024 — Chevron Corporation (NYSE: CVX) today announced the Federal Trade Commission (FTC) completed antitrust review of the company’s merger with Hess Corporation (NYSE: HES), satisfying a key closing condition for the transaction. “This is an important step toward completing the merger, which will benefit our shareholders, the industry, and the ...
Hess Announces HSR Clearance Of Chevron-Hess Merger
WEB2 days ago · NEW YORK, September 30, 2024--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed ...
F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
WEB2 days ago · Chevron and Hess agreed to the F.T.C.’s stipulation. Instead of joining Chevron’s board, Mr. Hess will advise the company on certain matters, including Guyana, a South American country where ...
Chevron to Acquire Hess for $53 Billion in Latest Major Oil Deal
WEBOct 23, 2023 · In the second energy megadeal this month, Chevron, the second-largest U.S. oil giant, said Monday that it had agreed to acquire Hess, a medium-size rival, in an all-stock deal valued at $53...
US FTC allows Chevron-Hess deal, bars John Hess from board
WEB2 days ago · NEW YORK (Reuters) -The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron's board. The FTC's ...
US FTC close to approving Chevron’s $53bn acquisition of Hess
WEBSep 25, 2024 · An FTC spokesperson has declined to comment on the news. The Chevron-Hess transaction follows a trend of multibillion-dollar mergers and acquisitions in the sector, including Exxon's own $60bn ...
Chevron Announces Agreement to Acquire Hess
WEBChevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023.
Hess shareholders sign off on $53 billion sale to Chevron
WEBHOUSTON, May 28 (Reuters) - Hess (HES.N) shareholders on Tuesday approved the proposed $53 billion merger with Chevron (CVX.N) that paves the way for the No. 2 U.S. oil company to gain a prize...
FTC Clears Chevron-Hess Merger, But Bans Hess CEO From
WEB2 days ago · The FTC cleared Chevron's $53 billion acquisition of Hess but barred CEO John Hess from joining Chevron's board after the merger, citing concerns about his previous communications with OPEC officials.
Chevron to Buy Hess for $53 Billion in Latest Oil Megadeal
WEBOct 23, 2023 · Chevron Corp. agreed to buy Hess Corp. for $53 billion, a deal aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels.
- Some results have been removed