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Arbitrators cleared the way for the long-delayed $53 billion acquisition after Exxon tried to pre-empt the deal.
Takeover arbitragers, which have included Warren Buffett, are having a favorable 2025 after two disappointing years.
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Chevron struck the deal to acquire Hess in October 2023. Exxon tried to block the move last year, saying it had a right of ...
The conclusion of the saga removes a stock overhang for Chevron and paved the way for the $53 billion deal to close ...
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Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access ...
Chevron Corp. has prevailed in a 20-month fight to buy Hess Corp. for $53 billion, overcoming a challenge by arch rival Exxon Mobil Corp. that was unprecedented in the modern history of Big Oil.
Chevron completed its purchase of Hess after prevailing in a legal dispute with Exxon over one of the most promising oil ...
Forty-odd years after leaving the employ of the refinery, the St. Lucian-born Edward was diagnosed with multiple myeloma, a ...
(Reuters) -Exxon Mobil has lost its arbitration challenge to block Chevron's $55 billion Hess acquisition deal, but the top U ...
Reuters on MSN23h
Chevron closes Hess acquisition after winning Exxon legal battleChevron closed its $55 billion acquisition of Hess on Friday after winning a landmark legal battle against larger rival Exxon ...
Two major oil and gas executives are now allowed to join Chevron and Exxon's board of directors — but only one might be ...
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