Chevron, FTC and of Hess
Hess CEO disqualified from Chevron board in merger, FTC Says
The US antitrust regulator will allow Chevron Corp. to proceed with its $53 billion acquisition of Hess Corp. on the condition Chief Executive Officer John Hess is barred from the supermajor’s board, alleging he improperly communicated with OPEC.
FTC clears Chevron-Hess deal, bans John Hess from board
The FTC on Monday alleged that John Hess encouraged OPEC representatives to take action that supports higher oil prices. Hess Corp. and Chevron have agreed that they will not appoint Hess to the board in order to facilitate the completion of the merger.
Chevron-Hess Merger Advances, FTC Blocks John Hess' Board Role
CVX's merger with Hess clears FTC review but John Hess steps into an advisory role after the FTC blocks his board appointment over OPEC-related concerns.
FTC Clears Chevron-Hess Merger, But Bans Hess CEO From Joining Board
The FTC cleared Chevron's $53 billion acquisition of Hess but barred CEO John Hess from joining Chevron's board after the merger, citing concerns about his previous communications with OPEC officials.
F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
The Federal Trade Commission said the oil giant could acquire the smaller company as long as the chief executive of Hess did not join its board.
Hess CEO’s OPEC Communication Disqualifies Him From Chevron Board, FTC Says
US regulators will allow Chevron Corp. to move forward with its $53 billion acquisition of Hess Corp. but are barring Chief Executive Officer John Hess from joining the supermajor’s board, saying he improperly communicated with OPEC.
US FTC Allows Chevron-Hess Deal, Bars John Hess From Board
NEW YORK (Reuters) -The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron's board. The FTC's order leaves Exxon Mobil's challenge to the deal, which is expected to stretch deep into next year, as its final hurdle.
Hess CEO barred from Chevron board over FTC price collusion allegations
The FTC cited John Hess' participation in public meetings as well as private communications regarding oil supply with officials at OPEC, including OPEC
FTC Says Hess CEO Encouraged OPEC To Raise Prices, Bans Him From Chevron Board
Oil company scion John Hess allegedly 'communicated publicly and privately with OPEC representatives and oil ministers of OPEC member states.'
FTC Plans to Block Hess CEO from Chevron Board
John Hess would be prevented from Chevron’s board as part of deal for antitrust approval of a Hess-Chevron merger.
Chevron will leave John Hess off its board to win merger approval
Chevron will agree to exclude the chief executive of Hess from its board if required by US regulators in order to get the merger of the two companies approved, said people familiar with the matter. The US’s second-biggest oil company had planned to appoint John Hess a director as part of its $53bn acquisition of his company,
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FTC clears Chevron’s $53bn merger with Hess
Chevron has successfully cleared a key hurdle in its proposed $53bn all-stock merger with Hess, having received approval ...
FTC Bans Exec From Chevron Board—Exercising Authority It Doesn't Have, GOP Dissenters Say
"For the second time in five months, the majority has used its leverage in the HSR process to extract a consent from merging ...
John Hess Is the Latest Target for Antitrust Enforcers. The Oil Patch Isn’t Happy.
The agency accuses John Hess of improper talks with OPEC and will block him from joining the board of Chevron, which is ...
Analyst Questions 'What Could Hess Be Worth?' As Chevron Advances In Acquisition Efforts
Hess Corporation (NYSE:HES) and Chevron Corporation (NYSE:CVX) shares are trading higher on Tuesday. On Monday, the Federal ...
Reports: FTC to approve Chevron-Hess megadeal with major condition
The FTC will approve Chevron's acquisition of Hess with one major condition, reports say. But that doesn't mean the deal will close anytime soon.