POTENTIAL DEAL DETAILS
|Stock||Renewable Energy Group, Inc.||Symbol||REGI|
|Type||Company Seeking Strategic Alternatives|
|Date of Confirmation:||02/28/2022||Price 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. (CVX) is 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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