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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.
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 Clears Chevron-Hess Merger, But Bans Hess CEO From Joining Board
Key Takeaways Chevron's $53 billion acquisition of Hess cleared a regulatory hurdle Monday as the Federal Trade Commission (FTC) completed its review of the deal.However, the FTC barred Hess CEO John Hess from joining Chevron's board.
F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
The Federal Trade Commission said the oil giant can acquire the smaller company as long as the chief executive of Hess does not join its board.
Chevron-Hess Merger Clears FTC Antitrust Review
Chevron Corporation (NYSE: CVX) today announced the Federal Trade Commission (FTC) completed antitrust review of the company’s merger with Hess Corporation (NYSE: HES), satisfying a key closing condition for the transaction.
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.
FTC Bars Hess CEO From Chevron Board Seat as Condition of Deal, Say Sources
HOUSTON (Reuters) -U.S. antitrust regulators will bar Hess CEO John Hess from taking a board seat as a condition of its go-ahead of oil producer Chevron's $53 billion purchase of Hess, people close to the matter said.
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
6h
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 ...
5h
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.
TMCnet
10h
Hess Announces HSR Clearance Of Chevron-Hess Merger
Hess Corporation (NYSE: HES) today announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the ...
7h
FTC Warns of Oil-Patch Collusion. Energy Executives See Political Smear.
The agency accuses John Hess of improper talks with OPEC and will block him from joining the board of Chevron, which is ...
3d
Bible instructor admits to sexually assaulting girl at Lancaster County church, police say
A bible study instructor is facing charges for allegedly sexually assaulting a child at a Providence Township church.
3d
Metro Transit bus driver paying it forward after he says job offer saved his life while homeless
Hess knows first-hand how important it is to help others because it wasn't that long ago that feelings of isolation and ...
1d
on MSN
Liv Hess carries Camp Hill field hockey to victory against Bishop McDevitt
Camp Hill field hockey (10-2) pulled out a close 2-1 victory against Bishop McDevitt (6-6) Saturday evening.
4d
Hess Corp. stock outperforms competitors despite losses on the day
Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch ...
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