F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
WEB23 hours ago · Sept. 30, 2024, 2:02 p.m. ET. The Federal Trade Commission said on Monday that it would let the oil giant Chevron acquire Hess but that the chief executive of Hess would not be allowed to join ...
FTC Order Bans Hess CEO from Chevron Board in Chevron-Hess …
WEB1 day ago · Merger. oil and gas competition. Energy. 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. Hess to its Board of Directors.
US FTC allows Chevron-Hess deal, bars John Hess from board
WEB1 day ago · 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.
Chevron-Hess merger clears FTC antitrust review
WEB1 day 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 ...
US FTC allows Chevron-Hess deal, bars John Hess from board
WEB1 day 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 ...
Chevron-Hess Merger Clears FTC Antitrust Review - Yahoo Finance
WEB1 day ago · SAN RAMON, Calif., 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 ...
Hess Announces HSR Clearance Of Chevron-Hess Merger | Hess …
WEB1 day ago · Press Release. NEW YORK -- (BUSINESS WIRE)--Sep. 30, 2024-- Hess Corporation (NYSE: HES) today announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction. “We are very pleased that our merger with Chevron has cleared this ...
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.
Chevron’s $53 Billion Oil Deal Is Backed by Hess Shareholders
WEBMay 28, 2024 · A large oil industry deal advanced on Tuesday after shareholders of Hess approved a proposed sale of the company to Chevron for $53 billion. Control over one of the most prized oil assets,...
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...