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Stock impact report

John Hess Personally Calls Investors to Support Chevron Deal Before Vote [Yahoo! Finance Canada]

Chevron Corporation (CVX) 
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
to ensure enough support for a $53 billion takeover by Chevron Corp., according to people familiar with the matter. Most Read from Bloomberg The Hess Corp. chief executive officer is telling investors he got the best deal possible and that Chevron could walk away if the takeover doesn't get voted through at a May 28 shareholder meeting, according to the people, who asked not to be identified because the discussions are private. ADVERTISEMENT When the transaction was announced in October, it appeared to be the capstone of John Hess's career. The sale of the oil producer founded by his father, Leon Hess, 90 years earlier would see the company's prized position in Guyana's fast-growing oil industry passed to Chevron. In return, the Hess family would get about $5 billion in Chevron stock, and John Hess would join the oil giant's board. However, doubts about the transaction emerged earlier this year after Exxon moved to assert what it says are rights of first refusal over Hess Co Show less Read more
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