Chevron to Buy Noble Energy for $5 Billion

U.S. oil major Chevron has agreed to buy with Noble Energy, in an all-stock transaction valued at $5 billion, or $10.38 per share.

Based on Chevron’s closing price on July 17, 2020 and under the terms of the agreement, Noble Energy shareholders will receive 0.1191 shares of Chevron for each Noble Energy share. The total enterprise value, including debt, of the transaction, is $13 billion.

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