Chevron's Hess Acquisition Fuels Broader M&A Frenzy
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As the Russian revolutionary Vladimir Lenin put it: "There are decades where nothing happens; and there are weeks where decades happen."
This is one of those weeks. On Monday, Chevron said it would acquire energy player Hess for $53 billion. It's the latest megadeal in a wildly active industry this month, and it's happening during one of the most pronounced deal droughts on Wall Street in recent memory.
Source Fool.com
Hess Corp. Stock
€136.70
-0.030%
With 12 Buy predictions and 14 Sell predictions the community is currently undecided on Hess Corp..
However, we have a potential of 18.51% for Hess Corp. as the target price of 162 € is above the current price of 136.7 €.
