FTC Bars Hess CEO from Chevron Board
F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
The Federal Trade Commission said the oil giant could acquire the smaller company as long as the chief executive of Hess did not join its board.
FTC clears Chevron-Hess deal, bans John Hess from board
The FTC on Monday alleged that John Hess encouraged OPEC representatives to take action that supports higher oil prices. Hess Corp. and Chevron have agreed that they will not appoint Hess to the board in order to facilitate the completion of the merger.
US FTC Allows Chevron-Hess Deal, Bars John Hess From Board
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 order leaves Exxon Mobil's challenge to the deal, which is expected to stretch deep into next year, as its final hurdle.
Hess CEO disqualified from Chevron board in merger, FTC Says
The US antitrust regulator will allow Chevron Corp. to proceed with its $53 billion acquisition of Hess Corp. on the condition Chief Executive Officer John Hess is barred from the supermajor’s board, alleging he improperly communicated with OPEC.
FTC Release: FTC Order Bans Hess CEO from Chevron Board in Chevron-Hess Deal
The Federal Trade Commission is taking action to resolve antitrust concerns related to Chevron Corporation's acquisition of rival oil producer Hess Corporation by approving a proposed consent order that would prohibit Chevron from appointing Hess CEO John B.
FTC Clears Chevron-Hess Merger, But Bans Hess CEO From Joining Board
Key Takeaways Chevron's $53 billion acquisition of Hess cleared a regulatory hurdle Monday as the Federal Trade Commission (FTC) completed its review of the deal.However, the FTC barred Hess CEO John Hess from joining Chevron's board.
FTC clears Chevron’s $53bn merger with Hess
As a condition of the approval, the Federal Trade Commission (FTC) has stipulated that Hess CEO John B Hess will not join Chevron's board of directors.
Hess CEO barred from Chevron board over FTC price collusion allegations
The FTC cited John Hess' participation in public meetings as well as private communications regarding oil supply with officials at OPEC, including OPEC
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