Hess Shareholders Head for Crucial Vote on Acquisition Proposal by Chevron

Hess Shareholders Head for Crucial Vote on Acquisition Proposal by Chevron

OilPrice.com

Published

Hess Corporation’s shareholders are set to vote on Tuesday on Chevron’s proposal to buy the company in a vote that’s too close to call amid a growing number of shareholders urging for postponement of the vote or saying they would abstain.   Chevron has proposed a $53-billion all-stock transaction to buy Hess, which is a minority partner of Exxon in Guyana’s prolific Stabroek block with a 30% stake.  Chevron’s proposal to buy Hess is getting increased scrutiny from regulators and politicians, while…

Full Article