- Bloomberg
Hess Investor HBK to Abstain from Voting for Chevron Merger
(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 takeover by Chevron Corp.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindChina to Start $138 Billion Bond Sale on Friday to Boost EconomyGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Meme ManiaGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeThe hedge fund agrees with Institutional Sharehol
- Reuters
UPDATE 1-ISS recommends Hess shareholders abstain from voting for merger with Chevron
Proxy advisory firm ISS recommended on Monday that Hess shareholders abstain from voting for Chevron's proposed $53 billion acquisition of Hess. Hess shareholders are set to vote on the deal at a meeting scheduled for May 28. ISS questioned the timing for the vote amid uncertainty around the deal due to an arbitration process filed by Exxon Mobil claiming a right of first refusal (ROFR) over the deal.
- Bloomberg
Hess Investors Should Abstain on Chevron Takeover, Proxy Firm Advises
(Bloomberg) -- Influential proxy giant Institutional Shareholder Services Inc. recommended Hess Corp. investors abstain from voting on the proposed $53 billion acquisition by Chevron Corp. Shares of both oil companies fell.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindChina to Start $138 Billion Bond Sale on Friday to Boost EconomyGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Meme ManiaGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeISS c
