Previous Close | 0.3000 |
Open | 0.2200 |
Bid | 0.0000 |
Ask | 0.2800 |
Strike | 270.00 |
Expire Date | 2025-06-20 |
Day's Range | 0.2200 - 0.2200 |
Contract Range | N/A |
Volume | |
Open Interest | 121 |
(Bloomberg) -- Chevron Corp.’s $53 billion deal to buy Hess Corp. received a nod of support from a major proxy advisory firm that said shareholders should vote in favor of it.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulencePutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Before Pulling Back: Markets
HOUSTON (Reuters) -Hess shareholders should vote in favor of Chevron's $53 billion all-stock offer at the oil company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday. The proposed deal terms provide a reasonable valuation and offer the potential for upside to Hess shareholders, while the strategic and financial merits of the proposed merger "are sound and reasonable, on balance," Glass Lewis said. No. 2 U.S. oil producer Chevron last October offered to acquire rival Hess in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields, where Hess holds a 30% stake in a joint venture.
US company denies decision is linked to UK’s 35% windfall tax on North Sea producers