FTC delays Chevron's $53bn Hess takeover decision pending Exxon arbitration outcome.
The US Federal Trade Commission (FTC) has announced it will delay its decision on whether to block Chevron's $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, according to Bloomberg News. The arbitration case involves Exxon's claim of a right of first refusal over Hess's valuable assets in Guyana. The FTC's decision has been delayed as the arbitration process is expected to fall into 2025.
July 11, 2024
9 Articles