Hess Corp shareholders will vote on Tuesday on Chevron’s proposed $53 billion acquisition of the company, after many investors have called for a delay in hopes of obtaining a better offer for their shares. The deal has been stalled in part by a regulatory review and clouded by an arbitration dispute with Exxon Mobil, which could push the deal’s closing to 2025 or result in its termination. Chevron is counting on approval to win a foothold in oil-rich Guyana’s lucrative offshore fields.
Yahoo! Finance: HES News
