FTC Bars Hess CEO from Chevron 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.
Chevron-Hess Merger Advances, FTC Blocks John Hess' Board Role
Chevron Corporation CVX and Hess Corporation HES announced that the Federal Trade Commission (“FTC”) had completed its antitrust review of the companies’ proposed merger. This is a significant step toward finalizing the deal.
FTC confirms Chevron-Hess deal approval barring John Hess from board
Chevron (CVX) and Hess (HES) confirm completion of FTC antitrust review for merger, with Hess CEO not joining Chevron 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.
Hess CEO disqualified from Chevron board in merger, FTC Says
The US antitrust regulator will allow Chevron Corp. to proceed with its $53 billion acquisition of Hess Corp. on the condition Chief Executive Officer John Hess is barred from the supermajor’s board, alleging he improperly communicated with OPEC.
FTC Plans to Block Hess CEO From Chevron Board
John Hess would be prevented from Chevron’s board as part of deal for antitrust approval of a Hess-Chevron merger.
F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
The Federal Trade Commission said the oil giant could acquire the smaller company as long as the chief executive of Hess did not join its board.
FTC clears Chevron-Hess deal, bans John Hess from board
The FTC on Monday alleged that John Hess encouraged senior officials at OPEC to draw down inventories, which would result in higher oil prices. Hess Corp. and Chevron have agreed that they will not appoint Hess to the board in order to facilitate the completion of the merger.
Hess CEO barred from Chevron board over FTC price collusion allegations
The FTC cited John Hess' participation in public meetings as well as private communications regarding oil supply with officials at OPEC, including OPEC
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U.S. Regulator Officially Approves Chevron’s (NYSE:CVX) Acquisition of Hess Corp. (NYSE:HES)
The U.S. Federal Trade Commission (FTC) has officially approved oil major Chevron’s ($CVX) $53 billion acquisition of rival ...
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 ...
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 ...
Hess Midstream: Still Attractive, Even With Potential M&A Delayed
Hess Midstream's extremely strong contract structure has enabled ongoing cash flow growth. Read why HESM stock remains a ...
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FTC set to greenlight Chevron's $53 bln buy of oil rival Hess, sources say
Sept 23 (Reuters) - The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron's (CVX.N), opens new tab purchase of Hess (HES.N), opens new tab as soon as this week, two ...