Frederic Boucher News Today

Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foothold in rival Exxon Mobils massive Guyana discoveries.

On Tuesday, shareholders of Hess Corporation approved the proposed $53 billion merger with Chevron Corporation, paving the way for the second-largest US oil corporation to acquire crucial assets and have a position in Exxon Mobil's enormous Guyana finds.

Hess (HES) shareholders on Tuesday will decide on its planned $53B sale to Chevron (CVX), widely expected to be a close vote as investors remain concerned over

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A survey of 17 merger arbitrage analysts, brokers and fund managers found that most were encouraged by a flurry of private equity deals.

From Bloomberg: The worst quarter in years for U.S. mergers and acquisitions just ended, but considering all the recent chaos, arbitrage traders insist it could've been worse. And that gives them hope for what comes next.

While their profits were modest compared to recent years, it’s a dramatic turnaround from midyear.

Musk’s Twitter takeover is largely financed by Saudi and Qatari money, and given Musk’s curious pro-Putin turn, national security officials are wondering what these international oligarchs might be getting in return here.

The stock dropped 4.9% to $49.89, falling further away from the $54.20 offer

Market skepticism surrounding Elon Musks $44 billion buyout of Twitter is back amid concerns that the deal may come under government scrutiny.