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.

May 13, 2024
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