The three-person arbitration team for Exxon-Hess is about to be established, and the key obstacle to Chevron's acquisition of Hess has been eliminated.
According to reports, the final members of the three-person arbitration panel for ExxonMobil-Hess have been selected, which will clear a key obstacle for the long-delayed merger process between Chevron and Hess (HES.US).
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Market Chatter: Exxon Mobil, Chevron Arbitration Panel Nearly Complete
Exxon Mobil's (XOM) claim against Chevron's (CVX) $53 billion purchase of Hess (HES) is nearing arbitration as a final member has been selected for the three-person arbitration panel, Reuters reported
Dispute Over $53B Chevron-Hess Merger Heats Up, Arbitration Panel Nears Formation: Report
The final member has been appointed to a three-person arbitration panel tasked with resolving the Exxon Mobil Corporation (NYSE:XOM) dispute over Chevron Corporation (NYSE:CVX)'s $53 billion acquisiti
Express News | Jefferies has lowered the target price of Chevron Corporation from $196 to $192.
Express News | Chevron Corp : Jefferies Cuts Target Price to $192 From $196
Chevron-Hess acquisition arbitration panel is about to be established, which is expected to advance the progress of the trade.
July 3 GLH | Two informed sources said that the final members of the three-person arbitration panel have been selected. The panel aims to resolve ExxonMobil's claim for Chevron's $53 billion acquisition of Hess Corporation. The establishment of the committee will be a milestone in a long-delayed process, which brings uncertainty to Chevron and Hess' large-scale merger to be completed in the first half of 2024. Sources said that more information about the (procedure) timetable is expected to be known in the coming weeks. In March of this year, ExxonMobil filed an arbitration request with the International Chamber of Commerce (ICC), claiming superior ownership of Hess's assets in Guyana.
Exxon-Hess Arbitration Panel Nears Formation - Reuters
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