According to Bloomberg, Renewable Energy Group (REGI) seeking strategic alternatives

  • February 23, 2022


StockRenewable Energy Group, Inc.SymbolREGI
Date Announced02/23/2022Source Bloomberg
TypeCompany Seeking Strategic Alternatives
Date of Confirmation: 02/28/2022Price at Confirmation: $60.80
Potential Profit: 47.22%Annualized Profit: 3446.73%

Renewable Energy Group Inc. (REGI), a green diesel maker, is exploring options after receiving takeover interest, including selling itself, according to a person familiar with the matter.


February 25, 2022: Chevron Corp. (CVXis in advanced talks to buy Renewable Energy Group Inc. (REGI) for about $3 billion, according to people familiar with the matter, as the oil major looks to make a big bet on green diesel.

February 28, 2022: Chevron Corporation (CVX) and Renewable Energy Group, Inc. (REGI) announced a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.

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