D.E. Shaw & Co., a top 15 shareholders in Hess Corp. (HES), plans to abstain from voting on the planned takeover by Chevron (CVX), becoming the second major investor this week to come out against the deal, Kevin Crowley of Bloomberg reports. D.E. Shaw will support a motion to delay the vote until there’s more clarity around Chevron and Hess’s arbitration case with Exxon Mobil (XOM), its managing director Jason Singer said in an interview with Bloomberg.
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Read More on HES:
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