Hess shareholders to vote on Chevron deal as dispute with Exxon over Guyana assets creates uncertainty
Hess(HES) cnbc.com·2024-05-28 16:24
Shareholders would also not be entitled to Chevron's dividend during the arbitration process, according to ISS. The dividend was touted by Hess as one of the main benefits of the deal, according to ISS. Hess shareholders will vote Tuesday on the New York-headquartered oil company's pending acquisition by Chevron for $53 billion, as the timeline for when the deal may close has become increasingly murky as the companies are locked in a dispute with Exxon Mobil. The pending deal is in jeopardy as Exxon Mobil c ...