FTC issues Second Request for Chevron-Hess merger, extending HSR waiting period

CHEVRON CORP

On Dec 7, 2023, Chevron and Hess each received a Second Request from the FTC regarding their pending merger.
The Second Request extends the HSR Act waiting period until 30 days after substantial compliance by both companies.
Chevron and Hess expect to promptly respond and continue working cooperatively with the FTC in its review.
The all-stock merger, valued at approximately $53B, was announced Oct 22, 2023, and remains subject to regulatory conditions.

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