Hess Corp on Wednesday stated its board has set April 12 because the document date for the dedication of the stockholders entitled to vote on the proposed merger with Chevron Corp.
Shareholders will vote on the proposed deal in a gathering whose date is but to be set, the corporate stated in a U.S. securities submitting. Neither Chevron nor Hess can predict the precise date on which the transaction might be accomplished, it stated within the submitting.
Exxon Mobil and CNOOC Ltd filed circumstances earlier than the International Chamber of Commerce final month, searching for to say a proper to a primary refusal over any sale of Hess’ 30% stake within the big Stabroek offshore oil block in Guyana.
Hess confirmed the case might drag on till year-end and in the end block the deal. Separately, Hess has reaffirmed that it doesn’t anticipate the necessity for regulatory approval from the Guyana authorities for this deal.
(Reuters – Reporting by Sabrina Valle; Editing by Leslie Adler)
