Hess Says Arbitration Merits Hearing About Applicability Of Stabroek ROFR To Merger Scheduled For May 2025; Hess And Chevron Had Expected, Requested That This Hearing Be Held Earlier - Filing
Portfolio Pulse from Benzinga Newsdesk
Hess and Chevron have announced that the arbitration merits hearing regarding the applicability of the Stabroek ROFR to their merger has been scheduled for May 2025. Despite their request for an earlier date, the hearing was delayed due to scheduling conflicts. Both companies remain confident that the arbitration will confirm that the Stabroek ROFR does not apply to the merger.
July 31, 2024 | 9:52 pm
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NEUTRAL IMPACT
Chevron is involved in an arbitration hearing regarding the Stabroek ROFR's applicability to its merger with Hess, scheduled for May 2025. The delay in the hearing could create short-term uncertainty, but Chevron remains confident in a favorable outcome.
The delay in the arbitration hearing introduces short-term uncertainty for Chevron, but the company's confidence in a favorable outcome mitigates potential negative impacts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Hess is involved in an arbitration hearing regarding the Stabroek ROFR's applicability to its merger with Chevron, scheduled for May 2025. The delay in the hearing could create short-term uncertainty, but Hess remains confident in a favorable outcome.
The delay in the arbitration hearing introduces short-term uncertainty for Hess, but the company's confidence in a favorable outcome mitigates potential negative impacts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100