InsideArbitrage Event Driven Monitor – December 29, 2023
Merger Arbitrage
- HES: The Venezuelan-Guyana dispute puts Chevron’s (CVX) oilfields at risk, part of its $53 billion takeover of Hess (HES), which partners with Exxon Mobil in Guyana. Following President Maduro’s deployment of soldiers and Guyana receiving a UK warship, Hess Corp., acquired by Chevron, saw a 2.6% drop amid tensions over the Essequibo territory.
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