May 17, 2024, 4:59 PM
May 13, 2024, 6:44 PM

Proxy Firm Urges Investors to Abstain from Voting on Chevron's Hess Acquisition

Highlights
  • Two major investors, D.E. Shaw and HBK Capital Management, plan to abstain from voting on Chevron's $53 billion takeover of Hess Corp.
  • Proxy firm advises investors to abstain from voting on the deal, potentially impacting the acquisition.
  • Chevron's acquisition of Hess Corp. faces resistance as key investors express intentions to abstain.

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