(Bloomberg) -- D.E. Shaw & Co., one of the top 15 shareholders in Hess Corp., plans to abstain from voting on the oil company’s $53 billion takeover by...
-- D.E. Shaw & Co., one of the top 15 shareholders in Hess Corp. , plans to abstain from voting on the oil company’s $53 billion takeover by Chevron Corp., becoming the second major investor this week to come out against the deal.China Sells Record Sum of US Debt Amid Signs of Diversification
D.E. Shaw is the 14th-largest shareholder in Hess after making the second-biggest purchase of its stock of any investor in the first quarter, according to data compiled by Bloomberg. Hess said in a statement that it has “strong shareholder support” for the deal and is “confident the transaction will be successfully completed.”
“We intend to follow the ISS recommendation to abstain from voting on the Hess acquisition by Chevron, and to support the motion to adjourn the vote,” D.E. Shaw’s Singer said. “The transaction, as currently structured, doesn’t contemplate the time it takes to arbitrate with Exxon. As long-term holders, we believe Hess is a high-quality company with attractive assets and a bright future.
Chevron Hess Corp. Exxon Mobil Corp. Arbitration Case
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hess Investor D.E. Shaw to Abstain From Vote on Chevron DealD.E. Shaw & Co., one of the top 15 shareholders in Hess Corp., plans to abstain from voting on the oil company’s $53 billion takeover by Chevron Corp., becoming the second major investor this week to come out against the deal.
Read more »
Hess Investor HBK to Abstain in $53 Billion Chevron Merger VoteHBK Capital Management, one of the biggest shareholders in Hess Corp., is planning to abstain from voting on the oil company’s $53 billion takeover by Chevron Corp.
Read more »
Hess Investor HBK to Abstain in $53 Billion Chevron Merger Vote(Bloomberg) -- HBK Capital Management, one of the biggest shareholders in Hess Corp., is planning to abstain from voting on the oil company’s $53 billion...
Read more »
Hess Investors Should Abstain on Chevron Takeover, Proxy Firm Advises(Bloomberg) -- Chevron Corp.’s $53 billion deal to acquire Hess Corp. suffered a potential blow Monday as an influential adviser said investors should...
Read more »
Hess Investors Should Abstain on Chevron Takeover, Proxy Firm AdvisesInfluential proxy giant Institutional Shareholder Services Inc. recommended Hess Corp. investors abstain from voting on the proposed $53 billion acquisition by Chevron Corp.
Read more »
Hess Investors Advised by Glass Lewis to Back Chevron Deal(Bloomberg) -- Chevron Corp.’s $53 billion deal to buy Hess Corp. received a nod of support from a major proxy advisory firm that said shareholders should...
Read more »