Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Hess Corporation today announced that independent proxy voting and corporate governance advisory firm Glass, Lewis & Co. has recommended that Hess shareholders vote FOR the proposed merger with.
Highlights World class assets and people strengthen long-term outlook Cash flow per share accretion supports higher distributions to shareholders Enhances and extends production and free. . .
SAN RAMON, Calif. & NEW YORK, October 23, 2023 Chevron 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. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including d