US FTC Allows Chevron-Hess Deal, Bars John Hess From Board
NEW YORK (Reuters) -The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron's board. The FTC's order leaves Exxon Mobil's challenge to the deal, which is expected to stretch deep into next year, as its final hurdle.
Hess CEO disqualified from Chevron board in merger, FTC Says
The US antitrust regulator will allow Chevron Corp. to proceed with its $53 billion acquisition of Hess Corp. on the condition Chief Executive Officer John Hess is barred from the supermajor’s board, alleging he improperly communicated with OPEC.
US antitrust enforcers’ legal battle to kill an $8.5 billion deal marrying Tapestry Inc.’s Coach and Kate Spade brands with ...
The agency accuses John Hess of improper talks with OPEC and will block him from joining the board of Chevron, which is ...
Amazon.com Inc secured a partial dismissal in a lawsuit filed by the U.S. Federal Trade Commission on Monday. The FTC accused ...
Amazon.com Inc won partial dismissal of a U.S. Federal Trade Commission's lawsuit accusing it of maintaining illegal ...
Stay informed on the high-end apparel sector as the FTC trial for the Tapestry and Capri Holdings merger unfolds.
Five companies peddling AI-enhanced products and passive income schemes have been targeted by the FTC for misleading ...
"It's not a given that a Harris presidency would mirror the Biden administration's aggressive approach to antitrust, said ...
In an era of increasing environmental awareness, companies, particularly those in the energy sector, face heightened scrutiny ...
Judge Jennifer Rochon seemed to be looking for a clearer definition of accessible luxury than the government was offering.
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