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Hess, Chevron
Hess CEO disqualified from Chevron board in merger, FTC Says
The US antitrust regulator will allow Chevron Corp. to proceed with its $53 billion acquisition of Hess Corp. on the condition Chief Executive Officer John Hess is barred from the supermajor’s board, alleging he improperly communicated with OPEC.
F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
The Federal Trade Commission said the oil giant could acquire the smaller company as long as the chief executive of Hess did not join its board.
FTC Clears Chevron-Hess Merger, But Bans Hess CEO From Joining Board
The FTC cleared Chevron's $53 billion acquisition of Hess but barred CEO John Hess from joining Chevron's board after the merger, citing concerns about his previous communications with OPEC officials.
FTC clears Chevron-Hess deal, bans John Hess from board
The FTC on Monday alleged that John Hess encouraged OPEC representatives to take action that supports higher oil prices. Hess Corp. and Chevron have agreed that they will not appoint Hess to the board in order to facilitate the completion of the merger.
Hess CEO barred from Chevron board over FTC price collusion allegations
The FTC cited John Hess' participation in public meetings as well as private communications regarding oil supply with officials at OPEC, including OPEC
US FTC Allows Chevron-Hess Deal, Bars John Hess From Board
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 order leaves Exxon Mobil's challenge to the deal, which is expected to stretch deep into next year, as its final hurdle.
FTC Plans to Block Hess CEO from Chevron Board
John Hess would be prevented from Chevron’s board as part of deal for antitrust approval of a Hess-Chevron merger.
Reports: FTC to approve Chevron-Hess megadeal with major condition
The FTC will approve Chevron's acquisition of Hess with one major condition, reports say. But that doesn't mean the deal will close anytime soon.
M&A News: Chevron’s (CVX) $53B Hess Merger Nears FTC Approval
Chevron Corp. ($CVX) is on the brink of obtaining regulatory clearance for its $53 billion acquisition of Hess Corp. ($HES) with the U.S. Federal
The Christian Post
32m
Bible study leader arrested on charges of sexually assaulting 7-year-old girl
A Bible study instructor for a Pennsylvania church was arrested last week when a woman stepped forward claiming that the ...
1d
on MSN
Hess CEO’s OPEC Communication Disqualifies Him From Chevron Board, FTC Says
US regulators will allow Chevron Corp. to move forward with its $53 billion acquisition of Hess Corp. but are barring Chief ...
19h
John Hess Is the Latest Target for Antitrust Enforcers. The Oil Patch Isn’t Happy.
The agency accuses John Hess of improper talks with OPEC and will block him from joining the board of Chevron, which is ...
5h
Analyst Questions 'What Could Hess Be Worth?' As Chevron Advances In Acquisition Efforts
Piper Sandler has increased the valuation of Hess Corporation's Guyana assets from $40.6 billion to $45.6 billion, boosting the per-share value to $149. With potential merger outcomes involving ...
9h
Piper Sandler Sticks to Its Buy Rating for Hess (HES)
In a report released today, Ryan Todd from Piper Sandler maintained a Buy rating on Hess (HES – Research Report), with a price target of ...
14h
If EPS Growth Is Important To You, Hess (NYSE:HES) Presents An Opportunity
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good ...
1d
on MSN
Hess upgraded at Wolfe on potential merger outcomes, Guyana resource boost
Hess (NYSE:HES) +1.2% in Monday's trading as Wolfe Research raises shares to Outperform from Neutral with a $150 price target ...
1d
Second oil company CEO conspired with OPEC to keep prices high, FTC charges
Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high.
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