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POTENTIAL DEAL DETAILS
| Stock | Renewable Energy Group, Inc. | Symbol | REGI |
| Date Announced | 02/23/2022 | Source | Bloomberg |
| 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.
Update(s):
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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Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.