MARKETS

Chevron to take Noble in first major M&A in US

Chevron Corporation’s announcement it will buy Noble Energy for US$5 billion is the first large M&A deal since the pandemic began, and may not be the last. 

Chevron CEO Mike Wirth

Chevron CEO Mike Wirth

  The all-scrip deal would value the company at $13 billion when its $8 billion in debt is factored in and works out at $10.38 per Noble share which equates to 0.12 Chevron shares.    Chevron gets...

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