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The USA FTC approved Chevron (CVX.US) to acquire Hess Corp (HES.US) for 53 billion USD, while Exxon Mobil's challenges remain unresolved.
The USA Federal Trade Commission (FTC) announced on Friday that it has approved a consent order to resolve antitrust issues related to Chevron's (CVX.US) acquisition of Hess Corp (HES.US) for $53 billion.
Express News | Market news: The USA Federal Trade Commission has finalized the consent decree for the $53 billion Chevron-Hess Corp merger.
Express News | FTC: Under the Final Consent Order, Chevron Is Prohibited From Nominating, Designating, or Appointing Hess CEO John B. Hess to Chevron Board
FTC Release: FTC Approves Final Order in Chevron-Hess Deal
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Chevron Is Maintained at Outperform by Raymond James