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HBK Capital Management abstains from voting on Hess Corp's takeover.
HBK Capital Management, a significant Hess Corp shareholder, will abstain from voting on the $53bn takeover of Hess by Chevron Corp due to the risks involved.
HBK Capital Management, which holds economic interests in over 8 million Hess shares, aligns with Institutional Shareholder Services Inc. in advising against supporting the deal.
Chevron remains optimistic about receiving a successful shareholder vote.
11 months ago
6 Articles