Proxy advisory Institutional Shareholder Services, or ISS, has recommended Hess (HESS) investors abstain from voting on the proposed $53B acquisition by Chevron (CVX), citing concerns about the deal’s valuation, process and uncertainty around its timeline given the ongoing arbitration with ExxonMobil (XOM) over Hess’ stake in a Guyanese oil project, reported Bloomberg’s Crystal Tse and Kevin Crowley.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HES: